Chapter 1 Assessment
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Chapter 1 Assessment
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Easy
Amanda Sanchez
Used 1+ times
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 6 pts
Which of the following is an economic want?
Food
Shelter
Smartphone
Clothing
2.
MULTIPLE CHOICE QUESTION
30 sec • 6 pts
People who purchase goods and services are called:
Customers
Economists
Employees
Business people
3.
MULTIPLE CHOICE QUESTION
30 sec • 6 pts
An organized way in which a state or nation distributes its resources and provides goods and services to the community is called:
Standard of living
Investment
Economics
Economic system
4.
MULTIPLE CHOICE QUESTION
30 sec • 6 pts
Labor is:
Raw materials found in nature
Equipment a business uses
Any service a person does for a company
Something we desire but could ultimately live without
5.
MULTIPLE CHOICE QUESTION
30 sec • 6 pts
Which is an example of an operational business activity?
Repaying debt
Purchasing stock
Administrative duties
Providing loans to customers
6.
OPEN ENDED QUESTION
3 mins • 7 pts
Define: Product
Evaluate responses using AI:
OFF
7.
OPEN ENDED QUESTION
3 mins • 7 pts
Define: Net worth
Evaluate responses using AI:
OFF
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