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Ch1 Review

Authored by Jacquilyn Franco

Business

9th - 12th Grade

Used 1+ times

Ch1 Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anywhere a business exchange takes place

Economics

Business

Market

Product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that a business has left over after all the expenses and costs of running the business are paid

Profit

Capitalism

Service

Goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where the economic resources are PRIVATELY owned by individuals rather than the government

Business

Economics

Capitalism

Scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything that can be bought or sold

Business

Market

Factors of Production

Product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When demand is higher than the available resources

Economics

Scarcity

Customer

Good

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual or group who buys products

Customer

Service

Good

Product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An action or task that is performed, usually for a fee

Good

Service

Business

Product

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Google

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Email

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Classlink

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Clever

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Microsoft

Microsoft

Apple

Apple

Others

Others

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