Ag Business

Ag Business

11th Grade

15 Qs

quiz-placeholder

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Ag Business

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Assessment

Quiz

Science

11th Grade

Easy

NGSS
HS-ESS3-2, HS-ETS1-3

Standards-aligned

Created by

Quizizz Content

Used 5+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a service?

A tangible product that can be physically possessed.

An intangible product that involves a deed, a performance, or an effort that cannot be physically possessed.

A product that is always free of charge.

A type of product that is only available online.

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What are goods?

Physical items that can be touched and seen, such as food, clothing, and electronics.

Services that cannot be physically touched, like consulting or education.

Digital products that exist only in electronic form, like software or e-books.

Intangible assets that represent value, such as stocks or bonds.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is profit?

Profit is the total revenue generated by a business.

Profit is the amount of money a business has left after all expenses and bills have been paid.

Profit is the initial investment made by the owners of the business.

Profit is the total number of sales made by a business.

Tags

NGSS.HS-ESS3-2

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a trade?

A trade is the exchange of goods or services between parties.

A trade is a type of investment in stocks.

A trade is a legal agreement to sell property.

A trade is a method of communication between businesses.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What happens to the price of a popular product when supply is low?

The price will go down due to increased competition.

The price will remain the same regardless of supply.

The price will go up due to increased demand and limited availability.

The price will fluctuate randomly without any pattern.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a budget?

A financial plan that outlines expected income and expenses over a specific period.

A document that tracks past spending without future projections.

A tool used only by large corporations for financial analysis.

A method for saving money by cutting unnecessary expenses.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is opportunity cost?

The cost of producing one more unit of a good or service.

The value of the next best alternative that is forgone when making a decision.

The total cost of all resources used in production.

The amount of money spent on a particular investment.

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