Business Activities

Business Activities

9th - 12th Grade

10 Qs

quiz-placeholder

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Business Activities

Business Activities

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Rakesh Kabra

Used 31+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________ is a good or service essential for living.

Need

Want

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________ is a good or service which people would like

to have, but which is not essential for living.

Need

Want

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • The skill and risk-taking ability of the person is known as:

Land

Labour

Capital

Enterprise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • The finance, machinery and equipment needed for the

    manufacture of goods is which factor of production?

Land

Labour

Capital

Enterprise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ cost is the next best alternative given up by choosing another item.

Fixed

Variable

Opportunity

Semi-variable

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Selling price of product minus material and bought-in costs equals to

Profit

Added Value

Loss

Total Cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

From the following which is an advantages of division of labour.

  • Workers can become bored doing just one job – efficiency might fall

  • If one worker is absent and no one else can do the job, production might be stopped

  • Workers are trained in one task and specialise in this – this increases efficiency and output

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