Factors of Production & Opportunity Cost Quiz

Factors of Production & Opportunity Cost Quiz

8th Grade

21 Qs

quiz-placeholder

Similar activities

World Geography Practice

World Geography Practice

6th - 8th Grade

20 Qs

Wildfire Quiz Ch. 1 - 7

Wildfire Quiz Ch. 1 - 7

6th - 8th Grade

18 Qs

Gold Salt Trade Test Review

Gold Salt Trade Test Review

7th Grade - University

21 Qs

Unit 2 Test: Colonial America

Unit 2 Test: Colonial America

6th - 8th Grade

18 Qs

Earth & Space Test Review

Earth & Space Test Review

6th Grade - University

20 Qs

Hunter/Gatherer Food Chain

Hunter/Gatherer Food Chain

8th Grade - University

21 Qs

Soal LCC Kepramukaan SMP 1 Jepon

Soal LCC Kepramukaan SMP 1 Jepon

6th - 8th Grade

20 Qs

Unit 4: Mixtures and Solutions Review

Unit 4: Mixtures and Solutions Review

8th Grade

21 Qs

Factors of Production & Opportunity Cost Quiz

Factors of Production & Opportunity Cost Quiz

Assessment

Quiz

others

8th Grade

Practice Problem

Medium

Created by

Katie Pett

Used 4+ times

FREE Resource

AI

Enhance your content in a minute

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

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a business enterprise?

The formation of a new business or development of a new good or service to be introduced to the market.

The process of buying and selling goods in a market.

The management of a company's finances.

The creation of a marketing strategy for a product.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a motive for entrepreneurs?

To avoid taking risks.

To generate a profit.

To work for someone else.

To reduce market competition.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the non-financial motives for entrepreneurs?

Generate a profit.

Be own boss.

Increase market share.

Reduce costs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a function of an entrepreneur?

They avoid taking risks.

They set up a business.

They work as employees.

They focus only on profits.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the rewards of being an entrepreneur?

Loss of security.

Flexible working hours.

High stress levels.

Low sales.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a risk of being an entrepreneur?

High job satisfaction.

Financial loss of income.

Guaranteed profits.

Low competition.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an entrepreneur do to identify opportunities?

Avoids market research.

Spots a gap in the market.

Follows competitors blindly.

Ignores customer feedback.

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?