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IBM QUIZ (MIDTERM)

Authored by Ehlvie Precioso

Business

University

Used 1+ times

IBM QUIZ (MIDTERM)
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The following are the reason why study business: except

develop skills and acquire knowledge to prepare for your future career

understand activities needed to provide goods and services

become a well - informed consumer and member of society

to gain profit

2.

FILL IN THE BLANK QUESTION

1 min • 2 pts

the rivalry among business for consumers' dollars

3.

FILL IN THE BLANK QUESTION

1 min • 2 pts

the study of how resources are distributed for the production of goods and services within a social system

4.

FILL IN THE BLANK QUESTION

1 min • 2 pts

the number of goods and services that consumers are willing to buy at different prices at a specific time

5.

FILL IN THE BLANK QUESTION

1 min • 2 pts

the number of products that businesses are willing to sell at different prices at a specific time+

6.

FILL IN THE BLANK QUESTION

1 min • 2 pts

the price at which the number of products that businesses are willing to supply equals the amount of products that consumers are willing to buy at a specific time

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