Global Business Key Terms

Global Business Key Terms

6th - 8th Grade

11 Qs

quiz-placeholder

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Global Business Key Terms

Global Business Key Terms

Assessment

Quiz

Business

6th - 8th Grade

Medium

Created by

Corey Troxell

Used 13+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Globalization is ...

the interaction between the various countries of the world.

a country relying on itself to produce what it needs.

the term that describes pollution created when products are produced.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interdependence is...

the dependence upon other countries resulting in the trade for goods and services.

the interaction between the various countries of the world.

the dependence on only your family to help you.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system of economics based on the private ownership of businesses and the products (goods and services) made and sold

Chain Of Production

Economics

Capitalism

Scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A process to control the amount of goods and services being used; typically when there is scarcity

Scarcity

Rationing

Chain Of Production

Economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A condition of limited resources and unlimited wants

Scarcity

Capital

Capitalism

Rationing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economic system based on public or collective (such as government) ownership of resources and production

Rationing

GDP

Scarcity

Socialism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Refers to Money: specifically financial assets or the financial value of someone's assets

Capital

Scarcity

GDP

Chain Of Production

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