OCR Business 1.1 Spec Quiz
Authored by Mr Powell
Business
8th Grade
Used 2+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a good?
A calculator
A taxi ride
A swimming lesson
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a possible risk for someone who runs their own business?
Business success
Financial loss
Profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a want?
Food
Warmth
Games console
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best defines a need?
Something that is essential for survival
Something that it would be nice to have
Something that makes life easier
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of an innovation?
A car company making both petrol and diesel cars
A lightbulb being adapted to become an energy-efficient LED lightbulb
Coming up with a new idea that nobody has thought of previously
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of business activity?
To produce goods and services that customers want
To provide goods and services that nobody wants
To only produce goods and services that meet basic needs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an invention?
Changing the packaging of a product to extend its life cycle
Changing a product to make it better
Creating a new idea or product that did not previously exist
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