G08 -  BIZ Q1 Reviewer

G08 - BIZ Q1 Reviewer

8th Grade

30 Qs

quiz-placeholder

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G08 -  BIZ Q1 Reviewer

G08 - BIZ Q1 Reviewer

Assessment

Quiz

Business

8th Grade

Practice Problem

Easy

Created by

Sheryl Flores

Used 5+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is the desire, willingness, and ability to buy a good or service.

Supply

Market Interest

Needs

Demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________ "Necessary wants;" like food, shelter, clothing.

Goods

Needs

Desires

Wants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _____________ changes because of the supply and demand.

Costing

Price

Market

Value

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ is a person who selects, purchases, uses, or disposes of goods or services.

Buyer

Consumer

Consumption

Consume

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ amount of money left over after a business has paid for the cost of producing its goods and services.

Revenue

Profit

Profitable

Business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total quantity customers are willing and able to purchase.

Demand

Limited

Supply

Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ are tasks that people or machines perform, things you can't see or touch.

Needs

Product

Goods

Service

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