Unit 1 Review
Authored by Amy Wolford
Business
9th - 12th Grade
Used 4+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are businesses in business to do?
To make money
To provide goods and services
To benefit the community
To create jobs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of opening a business in a community?
It gives the community choices
It brings tax money to the area
It provides more choices to consumers
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are goods in the context of business?
Products that companies make
Services provided to us
Items that we want but don't need
Necessary for survival
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are services in the context of business?
Products that companies make
Services provided to us
Items that we want but don't need
Necessary for survival
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are consumers?
Only individuals
Only businesses
Only government
Everyone who buys goods and services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the basic economic problem?
Unlimited wants and needs
Limited resources
Scarcity
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are capital resources?
Money and goods used to make goods and services
People who make or provide goods and services
Anything used in the production of goods and services related to money
Anything from nature used in the production of goods and services
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