Search Header Logo

PB: Concepts Review #1

Authored by Wesley Tobitt

Life Skills

12th Grade

Used 1+ times

PB: Concepts Review #1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At a company where Henry, Michael, and Ethan work, the management is considering new hiring practices. Which of the following best describes an approach that values "Cultural/Workplace Diversity"?

The process of hiring only people from the same background

The inclusion of individuals from different backgrounds, cultures, and perspectives in a workplace

The use of technology to improve productivity

The focus on maximizing profits above all else

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

James is starting a new company and wants to understand who might be impacted by his business decisions. In a business context, who are considered "stakeholders"?

Only the owners of a company

Individuals or groups affected by or having an interest in a business's activities

Only the employees of a company

Only the government regulators

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a focus of macroeconomics?

The pricing strategy of a single company

The study of the overall economy, including inflation and unemployment

The hiring practices of a small business

The marketing plan for a new product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Microeconomics is best defined as:

The study of the entire national economy

The study of individual consumers and businesses in specific markets

The study of international trade policies

The study of government spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jackson opens a bakery in his town. Without any government intervention, he notices that as more people want his bread, he can raise prices, and when fewer people buy, he lowers them. This situation best illustrates:

Government intervention in the market

The self-regulating nature of the marketplace

The role of technology in business

The influence of advertising on consumers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT considered a factor of production?

Land

Labor

Money

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land, as a factor of production, refers to:

Only the soil used for farming

All natural resources used to produce goods and services

The buildings owned by a company

The employees of a business

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?