Business Essential Unit 2 Review

Business Essential Unit 2 Review

12th Grade

60 Qs

quiz-placeholder

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Business Essential Unit 2 Review

Business Essential Unit 2 Review

Assessment

Quiz

Business

12th Grade

Hard

Created by

Christine Glasner

Used 13+ times

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60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 20 pts

What are the basic economic questions?

What products will be produced?

How will products be produced?

How will products be allocated?

When will products be produced?

How will products be produced?

How will products be allocated?

2.

MULTIPLE CHOICE QUESTION

5 mins • 20 pts

To use resources wisely, business owners must reduce

Risk

Reward

Waste

Wages

3.

MULTIPLE CHOICE QUESTION

5 mins • 20 pts

In business terms, what is profit?

A good investment

A holiday bonus

A monetary reward

A risky venture

4.

MULTIPLE CHOICE QUESTION

5 mins • 20 pts

Who answers the basic economic questions in a private enterprise economic system?

Government agencies

Influential citizens

Business & Individual

Entrepreneurs & producer

5.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Which one of the following groups of words best describes wants:

Unlimited,changing, and competing

Unlimited,unchanging, and compensating

6.

MULTIPLE CHOICE QUESTION

5 mins • 20 pts

Every business must accomplish which of the following

Obtain venture

Issue corporate bonds

Trade or sell business assets/property

Produce or provide goods/services

7.

MULTIPLE CHOICE QUESTION

5 mins • 20 pts

A large retailers feels that it has a duty to contribute to well-being of society so it’s donates a portion of its proceeds to a charity that helps the environment.The retailer is demonstrating

E-tailing

Wholesaling

Social responsibility

Voluntary chains

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