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2.02 - Business Essentials Review

Authored by Conner Buddington

Business

9th Grade

80 Questions

Used 28+ times

2.02 - Business Essentials Review
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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A characteristic of human wants is that they are

limited

unlimited

unchanging

consistent

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of an economic want

clothing

understanding

fresh air

conversations

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An example of a noneconomic want would be the desire for

police protection

a friend

a college education

concert tickets

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An economic good or service that is scarce is one that is

in limited supply

readily available

not made in America

no test-marketed

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a good or service is scarce, consumers will usually be

uninterested in owning it

unwilling to buy it

able to get as much of it as they want

willing to pay money to get it

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a characteristic of economic services:

useful

nontransferable

tangible

freely available to everyon

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Economic "votes" are cast by consumers each time they

make a purchase

respond to a survey

visit a business

participate in market research

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