What is the primary goal of a business?
Business and Economics Quiz

Quiz
•
Business
•
8th Grade
•
Medium
rose wanjiku
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To make a profit through providing goods or services
To employ as many people as possible
To spend money on advertising
To compete with other businesses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
A laptop computer
A haircut at a salon
A loaf of bread
A new smartphone
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In business, what is the term for something people must have to survive?
A luxury item
A want
A need
A preference
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production refers to natural resources used in creating goods?
Enterprise
Capital
Labour
Land
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reward for the factor of production 'labour'?
Interest
Profit
Wages
Rent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of capital in business?
The business owner's skills
Factory machinery
The monthly rent payment
Employee salaries
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call someone who combines all factors of production and takes risks?
A manager
A supervisor
An employee
An entrepreneur
Create a free account and access millions of resources
Similar Resources on Quizizz
11 questions
Lesson 1 & 2 Review

Quiz
•
6th - 9th Grade
15 questions
Factors of Production -Types of Goods and Productivity

Quiz
•
6th Grade - University
15 questions
factors of production

Quiz
•
8th Grade
12 questions
1.3- Revenue, costs and profit

Quiz
•
8th - 11th Grade
15 questions
Business Form 1 - Term 1 Test 2

Quiz
•
8th Grade
15 questions
BTEC L2 U2 - Profit and Loss

Quiz
•
8th Grade
12 questions
Short-run and Long-run: Theory of Costs 2

Quiz
•
6th - 12th Grade
10 questions
The Strategy of International Business

Quiz
•
8th - 9th Grade
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade