Business Essentials 2.02

Business Essentials 2.02

9th - 12th Grade

20 Qs

quiz-placeholder

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Business Essentials 2.02

Business Essentials 2.02

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating

social responsibility.

wholesaling.

voluntary chains.

e-tailing.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is an example of an economic want:

Clothing

Fresh air

Understanding

Conversation

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Susan is willing to pay a high price for the brand of china that she wants for her home. This china would be classified as a(n) __________ product.

shopping

Capital

Convenience

Specialty

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A company that transforms cotton into wearable clothing is considered a

manufacturer.

raw-goods producer.

service business.

builder.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What do service businesses sell?

Retail merchandise

Intangible activities

Raw goods

Wholesale merchandise

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A socially responsible business will attempt to give customers

the best products no matter what they cost.

the best products at the best prices.

lower quality products at reduced prices.

high-quality products at high prices.

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Marcy is ready to buy a new computer, and she has saved up enough money to buy the model she wants. This is an example of

supply

demand

elasticity

market price

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