Understanding Business National 5

Understanding Business National 5

12th Grade

60 Qs

quiz-placeholder

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Understanding Business National 5

Understanding Business National 5

Assessment

Quiz

Business

12th Grade

Medium

Created by

Monica Reid

Used 30+ times

FREE Resource

60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good is something which is tangible - can be seen, touched and picked up

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A durable good can only be used once.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are examples of a service?

A train journey

A computer

Hairdresser

CD

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is essential to survive and to satisfy the needs and wants of the consumer.

Wants

Desires

Factors

Needs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a business to provide us with products they need to coordinate what?

Sectors of Industry

Factors of Production

Added Value

Wealth Creation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors of production include combining what...

Land, Labour, Resources and Enterprise

Land, Finance, Capital and Resources

Land, Premises, Capital and Enteprise

Land, Labour, Capital, Enterprise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the Factor of Production: The man-made resources that are needed to make a product, e.g. machines, tools and money.

Land

Capital

Labour

Enterprise

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