B202 Business Essentials Economic Resources

B202 Business Essentials Economic Resources

9th Grade

20 Qs

quiz-placeholder

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B202 Business Essentials Economic Resources

B202 Business Essentials Economic Resources

Assessment

Quiz

Business

9th Grade

Medium

Created by

Patty Hudson

Used 1+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources that enable businesses to operate are also known as

revenues

inputs

outputs

sales

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements regarding economic resources is true:

As businesses grow and become more complex, they typically require fewer resources.

Similarly sized businesses within the same industry usually use identical resources.

Natural resources, human resources, and capital goods are often referred to as factors of production.

Industrialized nations typically require fewer capital goods than developing countries.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When producers use the best combination of resources, consumers are more likely to get goods and services that

they do not need.

cost more.

are best known.

they want.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using a stream to supply water for crops is an example of using

natural resources.

human resources.

capital goods.

nonrenewable resources.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A salesclerk working part-time at a clothing store is an example of a(n)

natural resource.

human resource.

capital good.

unlimited resource.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following economic resources is responsible for combining the other resources to produce goods and services:

Natural resources

Human resources

Capital goods

Nonrenewable resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following economic resources helps people be more productive:

Noneconomic resources

Natural resources

Human resources

Capital goods

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