PROFIT, ECONOMICS, PRICING, REVENUE & RISKS
Authored by Cody Rigney
Specialty, Business
Used 6+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An economic impact is the effect produced by decisions made by consumers and businesses.
True
False
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The study of how goods and services are produced, distributed, and consumed is called marketing.
True
False
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Because people have limited time and money to spend on entertainment, they must make decisions about how to spend their limited resources.
True
False
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When the physical characteristics of a product or service are improved, it is called possession utility.
True
False
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Risks can be classified as controllable, insurable, and involving gain or loss.
True
False
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Risk retention means purchasing insurance to cover possible losses.
True
False
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The preparation for an unexpected emergency is called risk management.
True
False
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