
Chapter 3 - Sports: Worksheet Questions (Grade 12)
Quiz
•
Business
•
12th Grade
•
Easy
Lisa Foster
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23 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because people have limited time and money to spend on entertainment, they must make decisions about how to spend their limited resources.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there is no possibility of gain, investors suffer an insurable risk.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the physical characteristics of a product or service are improved, it is called possession utility.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the chances of a loss are predictable and the amount of the loss can be estimated, it is a controllable risk.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A planning tool that projects financial performance for a specific time period is called a balance sheet.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of how goods and services are produced, distributed, and consumed is called marketing.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risks can be classified as controllable, insurable, and involving gain or loss.
True
False
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