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Intro to Business Review

Total questions: 15

Worksheet time: 6mins

Name
Class
Date
1.

an organization that produces and distributes goods and services.

a)

Market

b)

Consumer

c)

Business

2.

Items sold by a business that you can see or touch

a)

Goods

b)

Services

c)

Consumers

3.

 Activities provided by a business that cannot be touched. 

a)

Goods

b)

Services

c)

Consumers

4.

The amount of money made by a business they pay expenses is called

a)

Goods

b)

Profit

c)

Consumers

5.

Things that are necessary for survival are

a)

Goods

b)

Wants

c)

Needs

6.

Things that we would like to have, but are not necessary for survival are

a)

Goods

b)

Wants

c)

Needs

7.

Businesses call people that use goods and services every _____

a)

Consumers

b)

Profits

c)

Wants

8.

Temporary location for businesses to sell their products or services.

a)

Shopping Center

b)

Independent Store

c)

Online Store

d)

Market

9.

A big building or outdoor place with many different types of stores for businesses to sell goods and services.

a)

Shopping Center

b)

Independent Store

c)

Online Store

d)

Market

10.

A single store in a specific location in a community for businesses to sell goods and services.

a)

Shopping Center

b)

Independent Store

c)

Online Store

d)

Market

11.

A type of business that makes money from donations by people.

a)

Online business

b)

Non-profit Organization

c)

Market

12.

A construction worker is an example of which factor of production?

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneurship

13.

A tree is an example of which factor of production?

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneurship

14.

A tractor is an example of which factor of production?

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneurship

15.

A business owner is an example of which factor of production?

a)

Land

b)

Labor

c)

Capital

d)

Entrepreneurship