Entrepreneurship Mock Test
Authored by Ouma Temi
Business
7th Grade
Used 3+ times
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77 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods are physical items that can be seen and touched, while services are actions or activities done for others.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a service?
A book
A haircut
A bicycle
A computer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods are _________ items, and services are __________ done for others.
physical
actions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a good?
Dog-walking
Grocery shopping
A smartphone
House cleaning
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Both goods and services can satisfy people's needs and wants.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a "need"?
A vacation
Food
Designer clothing
A video game
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wants are necessary for survival, while needs are things people desire but can live without.
True
False
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