Final Exam Review - Business & Economy

Final Exam Review - Business & Economy

7th Grade

18 Qs

quiz-placeholder

Similar activities

WJEC Retail Business Objectives

WJEC Retail Business Objectives

4th - 12th Grade

15 Qs

Entrepreneurship 1 Standard 1.01-1.04

Entrepreneurship 1 Standard 1.01-1.04

KG - 12th Grade

20 Qs

Introduction To Economics

Introduction To Economics

6th - 8th Grade

15 Qs

starwars

starwars

1st Grade - University

16 Qs

Introduction to Economics & Types of Economies

Introduction to Economics & Types of Economies

7th Grade

20 Qs

El RUC2

El RUC2

7th - 11th Grade

16 Qs

Terminos Bancarios

Terminos Bancarios

1st - 10th Grade

14 Qs

Personal Finance- 4-2 Review: Retirement

Personal Finance- 4-2 Review: Retirement

KG - University

20 Qs

Final Exam Review - Business & Economy

Final Exam Review - Business & Economy

Assessment

Quiz

Business

7th Grade

Practice Problem

Medium

Created by

Miriam Holtzclaw

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is the primary purposes of a business? (HINT: There are two answers.) Check all that apply.

To make money for the owners

To provide goods and services to a market

To employ as many people as possible

To grow as large as possible

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of these is an example of a 'service' provided by a business? Mark only one oval.

Selling shoes

Manufacturing computers

Cutting hair

Growing apples

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market type is historically based on local custom and culture? Mark only one oval.

Free market

Command market

Mixed market

Traditional market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a 'free market' system, who primarily determines prices? Mark only one oval.

The government

The business owners based on supply and demand

The consumers

A central planning committee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market type combines elements of both free and command markets? Mark only one oval.

Traditional market

Free market

Command market

Mixed market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system has private ownership of businesses and pricing based only on supply and demand? Mark only one oval.

Capitalism

Socialism

Communism

Mixed economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between a 'want' and a 'need'? Mark only one oval.

Wants are essential for survival, needs are not

Wants are required for life, needs are optional

Wants are nice to have, needs are required for survival

Wants are determined by the government, needs are determined by the individual

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?

Discover more resources for Business