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Chapter 3 - Sports: Worksheet Questions (Grade 12)

Authored by Lisa Foster

Business

12th Grade

Used 24+ times

Chapter 3 - Sports: Worksheet Questions (Grade 12)
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23 questions

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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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