Chapter 1 Assessment

Chapter 1 Assessment

9th Grade

15 Qs

quiz-placeholder

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Chapter 1 Assessment

Chapter 1 Assessment

Assessment

Quiz

Business

9th Grade

Practice Problem

Easy

Created by

Amanda Sanchez

Used 1+ times

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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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