Chapter 1 - Economic Decisions & Systems

Chapter 1 - Economic Decisions & Systems

12th Grade

25 Qs

quiz-placeholder

Similar activities

Menerapkan pengoperasian transaksi online

Menerapkan pengoperasian transaksi online

12th Grade

20 Qs

Business Concepts Multiple Choice Questions

Business Concepts Multiple Choice Questions

9th - 12th Grade

20 Qs

Grade 10 Business Studies end of term exam prep

Grade 10 Business Studies end of term exam prep

9th - 12th Grade

20 Qs

Controlling Quiz-1

Controlling Quiz-1

12th Grade

20 Qs

Sources of Finance

Sources of Finance

12th Grade

20 Qs

Finance AQA yr 1  Jan 6

Finance AQA yr 1 Jan 6

12th Grade

20 Qs

Chapter 10 Tax Law

Chapter 10 Tax Law

12th Grade - University

20 Qs

Components of a Business Plan

Components of a Business Plan

10th Grade - University

20 Qs

Chapter 1 - Economic Decisions & Systems

Chapter 1 - Economic Decisions & Systems

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Lisa Foster

Used 7+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who buys and uses goods and services is called a consumer.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and services are purchased by businesses as well as by individuals.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buildings, equipment, and supplies are examples of natural resources.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Communism refers to the private ownership of resources by individuals rather than by the government.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

. The basic economic problem results from not having enough resources to satisfy every need.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Although all nations differ in the type and amount of economic resources they have, they all have the same economic needs.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The final step in the decision-making process is to select the best choice from among the alternatives.

True

False

Create a free account and access millions of resources

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?