Business Concepts Quiz

What is a consumer?

• A person who buys goods and services

• A person who sells goods and services

• A person who invests in businesses

• A person who starts a new business

Who is an investor?

• A person who buys goods and services

• A person who invests money in businesses

• A person who starts a new business

• A person who creates a monopoly

What does urbanization refer to?

• The process of starting a new business

• The process of people moving to cities

• The process of creating a monopoly

• The process of buying goods and services

Who is an entrepreneur?

• A person who buys goods and services

• A person who invests money in businesses

• A person who starts a new business

• A person who creates a monopoly

What is a monopoly?

• A market with many sellers

• A market with one seller

• A market with no buyers

• A market with many buyers

What does the term "melting pot" refer to?

• A place where metals are melted

• A society where different cultures blend

• A type of cooking pot

• A business strategy

Which term describes a person who starts a new business?

• Consumer

• Investor

• Entrepreneur

• Monopoly

Which term describes the process of people moving to cities?

• Urbanization

• Monopoly

• Entrepreneur

• Consumer

Which term describes a society where different cultures blend together?

• Monopoly

• Melting Pot

• Urbanization

• Entrepreneur

Which term describes a person who invests money in businesses?

• Consumer

• Investor

• Entrepreneur

• Monopoly