Principles of Business

Principles of Business

12th Grade

20 Qs

quiz-placeholder

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Principles of Business

Principles of Business

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Stacey Horn

Used 489+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customers who purchase goods and services for their own use.

Capitol

Consumer

wages

Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All the tools, equipment, and machinery used to produce goods or provide services.

want

need

systemmatic decision making

capitol

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When demand is higher than the available resources

want

supply and demand

need

scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic resources a nation uses to make goods and supply services for its population.

Factors of Production

Service

Traditional

Trade off

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy is which individuals are free to make their own economic decisions, also known as free or market enterprise

market economy

command economy

factors of production

economic system

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic resources a nation uses to make goods and supply services for its population

economic system

goods

labor

factors of production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Science that examines how goods and services are produced, sold and used

government

economics

capitalism

supply and demand

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