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Business Exploration Review

Authored by Mr. Clarke

Business

9th Grade

Used 2+ times

Business Exploration Review
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84 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between wants and needs is:

Needs are essential for survival, while wants are things we desire but can live without.

Wants are more important than needs.

Needs are things we desire, while wants are essential for survival.

Wants and needs mean the same thing.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a public need?

Clean water supply

New smartphone

Designer clothes

Private car

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is when prices ________ over time, while deflation is when prices ________ over time.

Inflation is when prices increase over time, while deflation is when prices decrease over time.

Inflation is when prices decrease over time, while deflation is when prices increase over time.

Inflation is when prices stay the same over time, while deflation is when prices fluctuate over time.

Inflation is when prices fluctuate over time, while deflation is when prices stay the same over time.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name the four phases of the business cycle.

Resolve, depression, recession, prosperity.

Expansion, peak, contraction, trough.

Start, growth, decline, end.

Boom, bust, recovery, stagnation.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does ETF stand for in finance?

Exchange-Traded Fund

Electronic Transfer Fund

Equity Trust Fund

Earnings Tax Fund

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term: Opportunity cost.

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

Opportunity cost is the total amount of money spent on a project.

Opportunity cost is the profit earned from an investment.

Opportunity cost is the cost of all alternatives considered.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term: CD.

CD stands for Certificate of Deposit, a savings certificate with a fixed maturity date and specified interest rate.

CD stands for Cash Deposit, a type of instant withdrawal account.

CD stands for Credit Debit, a card used for online transactions.

CD stands for Current Deposit, a business account with no interest.

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