G9 T1 CHECKPOINT 1 QUIZ
Authored by Saba D
Business
9th - 12th Grade
Used 11+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a need?
A product that people must have to live.
A product that people would like to have, but they can live without it.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a want?
A product that people must have to live.
A product that people would like to have, but they can live without it.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a good?
An action we pay for.
An object we buy;
Things we can touch or hold.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a service?
An action we pay for.
An object we buy;
Things we can touch or hold.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many factors of production?
4
3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The store needs a manager, 2 team leaders, 5 shop assistants and 2 cleaners. What is the factor of production?
Land (shop, space or place)
Labour (human workers)
Capital (money or machines)
Enterprise (owner)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The business takes a 500,000 AED start up loan from the bank. The machines we need are cash register, oven and coffee machine. What is the factor of production?
The business takes a 500,000 AED start up loan from the bank. The machines we need are cash register, oven and coffee machine. What is the factor of production?
Land (shop, space or place)
Labour (human workers)
Capital (money or machines)
Enterprise (owner)
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