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Worksheets

QUIZ #1 and #2

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

It brings rapid changes in the way we produce and deliver goods and services.

(a)  

2.

An activity that provide goods and services to consumers for the purpose of making a profit.

(a)  

3.

A factor that influence a business's activities.

(a)  

4.

A person who is responsible for the work performance of other people.

(a)  

5.

Involves planning for, organizing, staffing, directing, and controlling a company’s resources so that it can achieve its goals.

(a)  

6.

A person who designs and oversees the transformation of resources into goods or services

(a)  

7.

It consists of everything that a company does to identify customers’ needs and design products to meet those needs.

(a)  

8.

A person who measures, summarize, and communicate financial and managerial information and advise other managers on financial matters.

(a)  

9.

A group that involves planning for, obtaining, and managing a company’s funds.

(a)  

10.

It is a quantity of a product that buyers are willing to purchase at various prices

(a)  

11.

It is a quantity of a product that sellers are willing to sell at various prices.

(a)  

12.

Statistics that report the status of the economy a few months in the past are called

(a)  

13.

When overall prices go up, we have INFLATION; when they go down, we have (a)  

14.

Give 1 example of Economic goals

(a)  

15.

Defined as the market value of all goods and services produced by the economy in a given year

(a)