Unit 1: Business and Economics Review

Unit 1: Business and Economics Review

12th Grade

58 Qs

quiz-placeholder

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Unit 1: Business and Economics Review

Unit 1: Business and Economics Review

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

CCSS
RI.11-12.7, RI.8.2, RL.11-12.6

+21

Standards-aligned

Created by

Blake Balogh

Used 81+ times

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58 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Businesses seek to earn a profit by providing goods and services to others.

true

false

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Health care availability, a clean environment, and good schools all contribute to a high quality of life.

true

false

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Product differentiation is a key to success in monopolistic competition.

true

false

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A monopoly occurs when there is a single seller for a product or service.

true

false

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Stakeholders are all the people who stand to gain or lose by the policies and activities of a business.

true

false

Tags

CCSS.RL.11-12.6

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The point of intersection between the supply and demand curves is called the stress point.

true

false

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tools, machinery, and buildings are examples of capital resources.

true

false

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