Econ. U1ch. 2 Business Organizations

Econ. U1ch. 2 Business Organizations

9th - 12th Grade

18 Qs

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Econ. U1ch. 2 Business Organizations

Econ. U1ch. 2 Business Organizations

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Zach Burnette

Used 29+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Production"

Process of creating goods and services.
Efficient use of productive resources.
Tangible commodity.
Happiness/Satisfaction.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Productivity"

Item with worth that can be expressed in $$.
Efficient use of productive resources.
People who use goods and services to satisfy wants.
Location that allows buyers and sellers to deal with one another.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Specilization"

Process of creating goods and services.
Item that can be expressed in $$.
Doing what you do best.
Happiness/Satisfaction.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Market"

Location that allows buyers and sellers to deal with one another.
Profit seeking enterprise that serves as the main link between resources and consumer satisfaction.
Business owned by 2 or more people.
Combination of 2 or more businesses to form a single firm.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Consumers"

Promotes welfare of members & community
Efficient use of productive resources.
Doing what you do best.
People who use goods and serivices to satisfy their wants and needs

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Good"

Business owned by 2 or more people.
Tangible commodity.
Work performed for someone
Process of creating goods and services

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best definition for "Service"

Location that allows buyers and sellers to deal with one another.
People who use goods and services to satisfy wants.
Work performed for someone
Tangible commodity.

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