Business Fundamentals

Business Fundamentals

7th Grade

15 Qs

quiz-placeholder

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Business Fundamentals

Business Fundamentals

Assessment

Quiz

Other

7th Grade

Practice Problem

Hard

Created by

Nahma Rasheed

Used 3+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Basic requirements or necessities of life are known as

needs

wants

likes

option

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Use of goods and services to satisfy human wants is...

wants

needs

consumption

opportunity cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of want is ....

air

Television

food

water

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what are resources?

the inputs used in selling goods and services. 

the ouputs used in producing goods and services. 

the inputs used in producing goods and services. 

the inputs used in purchasing goods and services. 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not having enough resources to satisfy all human wants completely are known as

resources

needs

scarcity

consumption

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

law of demand says

If price increase, demand decrease

If price decrease , demand decrease

If price increase, supply increase

If price decrease supply and demand increase

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is an internal stakeholder?

society

government

manager

customer

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