Understanding Bargains and Contracts

Understanding Bargains and Contracts

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key requirement for a bargain to be considered valid?

It must be beneficial to both parties.

It must be a real agreement.

It must involve monetary exchange.

It must be legally documented.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant challenge for the salmon canning industry in Alaska during the early 20th century?

Lack of skilled labor.

Limited access to transportation.

High cost of raw materials.

Competition from other industries.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How were workers typically compensated for their seasonal work in the canneries?

They received a fixed rate for the season.

They were paid weekly.

They received a share of the profits.

They were paid based on the amount of fish processed.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did the workers take upon reaching Alaska that led to a legal dispute?

They went on strike for shorter hours.

They refused to work unless paid more.

They requested additional training.

They demanded better working conditions.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the company's response at the end of the season regarding the new contract?

They honored the new contract.

They offered a bonus instead.

They negotiated a new agreement.

They refused to pay the increased amount.