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Year 5 UAE SS Revision (TERM 2)

Total questions: 40

Worksheet time: 37mins

Name
Class
Date
1.

Costs are not only money, what is another cost?

a)

Beneficiary Cost

b)

Opportunity Cost

c)

Time

2.

_________________ is something that happens as a result of an action

a)

Accident

b)

Heart Attack

c)

Consequence

d)

Shock

3.

_____________________ are organizations that serve people

a)

Schools

b)

Houses

c)

Institutions

d)

Companies

4.

It is our __________________ to follow the rules

a)

Right

b)

Duty

c)

Responsibility

d)

Law

5.

________________ are things we buy

a)

Goods

b)

Services

c)

Groceries

d)

Stationaries

6.

__________________ are actions people do for others

a)

Goods

b)

Services

c)

Commodities

d)

Laws

7.

________________ is a group of people that have things in common.

a)

Teachers

b)

Community

c)

Social workers

d)

Administrators

8.

Where can people pick up letters or send packages?

a)

School

b)

Market

c)

Park

d)

Post Office

9.

Some people work for _______________ as Police men & Fire fighters

a)

Village

b)

Company

c)

Government

d)

Town

10.

Some people work for _______________ such as super markets, textiles & building companies

a)

Village

b)

Government

c)

Company

d)

Town

11.

_____________________are the guidelines everyone in the community should follow

a)

Jokes

b)

Rules

c)

Happiness

d)

Advices

12.

Food to eat and water to drink is ___________

a)

Need

b)

Want

13.

Low supply of good or service is called _________________

a)

Supply

b)

Demand

c)

Scarcity

d)

Availability

14.

You went to salon to get your hair cut is _______________

a)

Good

b)

Service

15.

Another way to get customers to come to the store is ______________

a)

Supply

b)

Demand

c)

Coupon

d)

Services

16.

___________________ is someone who buys goods & services

a)

Producers

b)

Consumers

c)

Shop keepers

17.

Conflicts are _________________ among the people

a)

Love

b)

Agreement

c)

Disagreement

d)

Jealous

18.

Companies which are operated in many communities are ___________________

a)

Local Company

b)

International Company

c)

Super markets

19.

Your mother bought a new dress is ________________

a)

Goods

b)

Service

20.

__________________ makes goods and provides services that people need or want

a)

Shop keepers

b)

Consumers

c)

Producers

21.

_________________ & ______________ help people to be safe

a)

Teachers & Doctors

b)

Police & Fire fighters

c)

Engineers & Doctors

d)

Police & Artists

22.

Needs and wants are same. True or False

a)

True

b)

False

23.

Supermarkets are producers and consumers. True OR False

a)

True

b)

False

24.

_________________ are based and operated in the community where the owner lives

a)

Local Companies

b)

International Companies

25.

Things people enjoy having in their life,but do not need to survive

a)

Need

b)

Rules

c)

Wants

d)

Privilege

26.

McDonald, Carrefour & GMC are local companies

a)

True

b)

False

27.

Reputation means

a)

Possibility

b)

Demand

c)

Popularity

d)

Poverty

28.

Amount of items available for use is called ________________________

a)

Supply

b)

Demand

c)

Scarce

d)

Availability

29.

Once _______________ passes, we cannot get it back

a)

Cost

b)

Money

c)

Time

d)

Offer

30.

How much people want to buy goods and services are called _______________

a)

Supply

b)

Demand

c)

Availability

d)

Scarce

31.

Fine is paying money for not following the rule

a)

True

b)

False

32.

Availability means

a)

Scarcity of products

b)

Possible to get

c)

Impossible to get

d)

Cost & Demand

33.

If the supply of a certain type of good increases then?

a)

The price will increase

b)

The price falls

34.

If the demand increases

a)

The price will increase

b)

The price falls

35.

Eat Ice cream and drink Orange Juice is _______________

a)

Need

b)

Want

36.

The price of any good or service is a combination of supply and demand of that good.


TRUE or FALSE

a)

True

b)

False

37.

Why do restaurants and stores made offers?

a)

To increase the cost

b)

To increase the demand

c)

To increase the number of stores

38.

The date after which the product should not be used is called________________

a)

Due date

b)

Expiration date

c)

Last date

d)

First date

39.

Something good that a person receives is called

a)

Cost

b)

Benefit

c)

Supply

d)

Demand

40.

Choosing between two goods or services .The one that is not selected is _________________

a)

Cost

b)

Opportunity Cost

c)

Beneficiary Cost