
BOP mock test
Authored by Arjeta Emini
Business
1st Grade
Used 4+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the basic factors of production in economics?
Land, Labor, Money, Marketing
Supply, Demand, Price, Quantity
Goods, Services, Production, Distribution
Land, Labor, Capital, Entrepreneurship
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of a planned economy?
Private ownership of businesses
Government control of resources and production
Market-driven prices and competition
Limited government intervention
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost of a decision?
The total cost incurred in making the decision
The benefits of the chosen option
The value of the next best alternative foregone
The initial investment made for the decision
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a free market economy, prices are determined by:
A) Government regulations
B) Supply and demand
C) Central planning committee
D) Random fluctuations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of the private sector?
A) Maximizing profits
B) Ensuring social welfare
C) Achieving economic equality
D) Reducing government spending
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. In a planned economy, what determines what goods and services are produced?
A) Consumer preferences and demand
B) Government directives and central planning
C) Market competition
D) International trade agreements
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of a free market economy?
A) Economic equality
B) Efficient allocation of resources
C) Government control
D) Reduced individual freedom
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
12 questions
ECO4_U5 Mercado de trabajo
Quiz
•
1st - 3rd Grade
12 questions
S3 Bus Man - Ext/Int Factors and Stakeholders
Quiz
•
1st - 3rd Grade
15 questions
Introduction to Business Tutorial 1
Quiz
•
1st Grade
14 questions
Parcial Oportunidad de Negocios 2
Quiz
•
1st - 3rd Grade
12 questions
financial accounting
Quiz
•
1st - 3rd Grade
10 questions
Microeconomics
Quiz
•
KG - University
10 questions
Emprendimiento y Gestión
Quiz
•
1st - 5th Grade
10 questions
Business Function
Quiz
•
1st - 5th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Business
20 questions
Telling Time to the Hour and Half hour
Quiz
•
1st Grade
10 questions
Life Cycle of a Frog
Quiz
•
1st - 2nd Grade
10 questions
Exploring Rosa Parks and Black History Month
Interactive video
•
1st - 5th Grade
20 questions
Place Value
Quiz
•
KG - 3rd Grade
10 questions
100th Day of School 1st/2nd
Quiz
•
1st - 2nd Grade
15 questions
Reading Comprehension
Quiz
•
1st - 5th Grade
10 questions
Identifying Physical and Chemical Changes
Interactive video
•
1st - 5th Grade
10 questions
Exploring the American Revolution
Interactive video
•
1st - 5th Grade