Understanding Goods and Services

Understanding Goods and Services

10th Grade

10 Qs

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Understanding Goods and Services

Understanding Goods and Services

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

DOK Level 2: Skill/Concept

Standards-aligned

Created by

Arndra Jackson

Used 5+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following is an example of a service rather than a good?

A smartphone

A haircut

A book

A pair of shoes

Tags

DOK Level 2: Skill/Concept

2.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following best describes a good?

An activity performed for someone else

A tangible item that can be bought or sold

A promise to perform a task

A skill or expertise offered to others

Tags

DOK Level 2: Skill/Concept

3.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Identify the service from the following list:

A laptop

A concert ticket

A car wash

A loaf of bread

Tags

DOK Level 2: Skill/Concept

4.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following is a characteristic of a service?

It can be stored for later use

It is intangible

It is a physical object

It can be returned if defective

Tags

DOK Level 2: Skill/Concept

5.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following is an example of a good?

Legal advice

A refrigerator

A music lesson

A taxi ride

Tags

DOK Level 2: Skill/Concept

6.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

What is the primary difference between goods and services?

Goods are intangible, services are tangible

Goods are tangible, services are intangible

Goods are always more expensive than services

Services can be stored, goods cannot

Tags

DOK Level 2: Skill/Concept

7.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Which of the following is a service industry?

Automobile manufacturing

Software development

Agriculture

Retail clothing

Tags

DOK Level 2: Skill/Concept

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