
Goods and Services Quiz
Quiz
•
Other
•
12th Grade
•
Practice Problem
•
Hard
Samiria Mosley
Used 2+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of goods?
Natural resources found in the environment.
Tangible items produced, bought, and sold in the market.
Services provided by businesses.
Intangible items that cannot be bought or sold.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of services?
Digital content provided to consumers for free
Activities performed by individuals for personal enjoyment
Intangible products provided to consumers in exchange for payment
Physical products provided to consumers in exchange for payment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Give an example of a good.
book
tree
car
chair
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Give an example of a service.
Grocery shopping
Car repair
House cleaning
Lawn mowing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between goods and services?
Goods are tangible products while services are intangible actions or tasks.
Goods and services are the same thing.
Goods are intangible products while services are tangible actions or tasks.
Goods are actions or tasks while services are tangible products.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three types of goods?
Consumer goods, Capital goods, Intermediate goods
Finished goods, Raw materials, Services
Durable goods, Non-durable goods, Public goods
Luxury goods, Necessity goods, Inferior goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three types of services?
IaaS, PaaS, SaaS
Software as a Service, Platform as a Service, Infrastructure as a Service
Public Cloud, Private Cloud, Hybrid Cloud
Virtualization, Containerization, Serverless Computing
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