Entrepreneurship and Economics

Entrepreneurship and Economics

11th Grade

25 Qs

quiz-placeholder

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Entrepreneurship and Economics

Entrepreneurship and Economics

Assessment

Quiz

Business

11th Grade

Easy

Created by

Jonathan Williams

Used 12+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is supply and demand?

Describes the relationship between a businesses employees and its profits

Criteria used to evaluate customer satisfaction

The economic relationship between the price of a product, its availability and the customers demand for it

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A summary of all the transactions made in your savings account

A spending plan that outlines your businesses incomes and outgoings

A document detailing company rules and regulations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a fixed cost?

Business costs that do not vary

The costs that change depending on the output

An expense related to advertising campaigns

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a variable cost?

Business costs that do vary

The costs that change depending on the output

An expense related to advertising campaigns

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Fill in the blank:

Supply and ______

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Are concert tickets an example of a fixed or variable expense?

Fixed

Variable

None

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are imports?

Products purchased from foreign countries to be used or sold domestically

Goods sent out of a country for sale or trade in foreign markets

Products manufactured locally

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