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WorksheetsEMS Revision quiz
Total questions: 15
Worksheet time: 8mins
Bartering is...
Exchanging goods and/or services with the use of money
Any physical product that you can consume
Exchanging goods and/or services without the use of money
performing activities for others in exchange for money
Love and self esteem are examples of...
A primary need
A secondary need
A want
A good
This is an image of...
A current Account
Electronic banking
SnapScan
An ATM
Allows the payment of goods and services to be paid later, buy now - pay later. Usually with interest
Credit card
Debit card
Overdrawn
Savings
US$ 1 = R14,27. This is an example of...
Interest
An investment
An exchange rate
SEP
The first stage in the development of money was...
Electronic banking
coins
Paper money
Objects
Which of the following is NOT a factor that could influence changes in needs?
Advertising
Different people have different needs
Changes in circumstances
Changes in tchnology
When there is not enough of an item or a shortage of it
Scarcity
Need
Want
Service
The Four factors of production are
Capital, Equality, Land and Labour
Capital, Entrepreneurship, Land and Labour
Consumer, Entrepreneurship, Land and Labour
Capital, Equality, Labour and Marketing
A salary is...
A payment made to employees of a company on a monthly basis
A payment made to employees of a company on a weekly basis
A payment made to employees of a company on a daily basis
A payment made to employees on an annual basis
How money moves within our economy is called...
The government
The flow of money
The production process
Productivity
Includes the tools, equipment, and factories used in production...
Land
Capital
Labour
Entrepreneurs
These are the individuals that start a new business...
Land
Capital
Labour
Entrepreneurs
The physical and mental efforts of workers to produce goods and services
Land
Capital
Labour
Entrepreneurs
Natural resources not created by human effort
Land
Capital
Labour
Entrepreneurs
