Unit 6 - Private Enterprise Practice Test

Unit 6 - Private Enterprise Practice Test

9th - 12th Grade

20 Qs

quiz-placeholder

Similar activities

Operations

Operations

12th Grade

15 Qs

BATTLE OF THE BRAINS

BATTLE OF THE BRAINS

11th Grade - University

20 Qs

Key terms in Business grade 9

Key terms in Business grade 9

9th Grade

20 Qs

Internal and External Sources of Finance

Internal and External Sources of Finance

10th Grade

15 Qs

Sources of finance

Sources of finance

12th Grade

16 Qs

Accounting Midterm Review

Accounting Midterm Review

11th - 12th Grade

15 Qs

Global interdependence

Global interdependence

11th Grade - University

20 Qs

Basic wage calculations

Basic wage calculations

8th - 10th Grade

15 Qs

Unit 6 - Private Enterprise Practice Test

Unit 6 - Private Enterprise Practice Test

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Michael White

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Every society must develop a system for deciding how it will use its resources so that it can
meet people’s needs.
minimize risk.
prevent problems.
control production.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Who answers the basic economic questions in a private enterprise economic system?
Businesses and individuals
Government agencies
Influential citizens
Entrepreneurs and producers

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

One of the results of freedom in the marketplace is that
people can buy anything they can afford that can legally be sold.
businesses use resources efficiently.
people and businesses can own things of value.
government decides how to use an individual’s private property.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Alex owns a guitar, several books, and a telescope. Alex’s possessions are examples of
private property.
economic resources.
capital goods.
equal distribution.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a benefit of the freedom to own private property:
It encourages people to save and invest.
It helps limit our economic choices.
It encourages businesses to be cooperative.
It allows people to do anything they want to do.

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following statements best describes the way that the U.S. economic system functions:
Individuals and businesses are the primary decision makers, while the government is the regulator.
Individuals are the primary decision makers, while businesses are the regulators.
Individuals and businesses are the primary decision makers, and there is no regulator.
The government is the primary decision maker, and occasionally it becomes the regulator.

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The basic role of the United States government is to
protect U.S. citizens.
maintain control of prices.
increase production.
limit business startups.

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?