PB: Concepts Review #1

PB: Concepts Review #1

12th Grade

30 Qs

quiz-placeholder

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PB: Concepts Review #1

PB: Concepts Review #1

Assessment

Quiz

Life Skills

12th Grade

Practice Problem

Easy

Created by

Wesley Tobitt

Used 1+ times

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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

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