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

Quiz
•
Business
•
8th Grade
•
Medium
rose wanjiku
Used 3+ times
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10 questions
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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
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