Understanding Business National 5
Authored by Monica Reid
Business
12th Grade
Used 35+ times
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60 questions
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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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