
AS Level Business Definitions

Quiz
•
Business
•
11th Grade
•
Easy
Mr. Bijumon P K Kuzhivilayil
Used 3+ times
FREE Resource
90 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consumer good?
A product intended for personal use by consumers
A service provided by businesses to other businesses
A type of investment asset
A government policy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are consumer services?
Services provided to individuals for personal use
Products sold to businesses
Government services
Manufacturing processes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital goods are defined as:
Goods used for personal consumption
Goods used in the production of other goods
Goods that are consumed quickly
Goods that are intangible
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does creating value mean in a business context?
Increasing profits
Enhancing customer satisfaction
Improving operational efficiency
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain added value.
Added value is the increase in worth of a product or service as a result of a particular activity.
Added value is the decrease in worth of a product or service as a result of a particular activity.
Added value is the unchanged worth of a product or service as a result of a particular activity.
Added value is the worth of a product or service before any activity.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opportunity cost is the cost of what?
The next best alternative foregone
The total cost of all alternatives
The monetary cost of a decision
The time spent on a decision
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur is someone who:
works for a company
starts and runs their own business
invests in stocks
manages a team
Create a free account and access millions of resources
Similar Resources on Wayground
85 questions
Sports Marketing Fall 24 Final Exam Review

Quiz
•
9th - 12th Grade
95 questions
E-Commerce PCU

Quiz
•
3rd Grade - University
85 questions
Business Management: Exam Revision MEGA QUIZ

Quiz
•
11th - 12th Grade
91 questions
CCR Unit 2 Vocabulary

Quiz
•
6th - 12th Grade
95 questions
ESB Vocab Practice

Quiz
•
11th Grade
92 questions
Module 1: Nature of Business

Quiz
•
11th Grade
90 questions
CTE Admin Support

Quiz
•
11th Grade
86 questions
Forms of Business

Quiz
•
11th Grade
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade
Discover more resources for Business
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
40 questions
LSHS Student Handbook Review: Pages 7-9

Quiz
•
11th Grade
20 questions
Scalars, Vectors & Graphs

Quiz
•
11th Grade
62 questions
Spanish Speaking Countries, Capitals, and Locations

Quiz
•
9th - 12th Grade
10 questions
Solving Equations Opener

Quiz
•
11th Grade
20 questions
First Day of School

Quiz
•
6th - 12th Grade
21 questions
Arithmetic Sequences

Quiz
•
9th - 12th Grade