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Business Quiz

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

What is a free enterprise system?

a)

A business that gives away free items

b)

A system where people donate items

c)

A place to save money

d)

A system that allows people to make choices in their business and how it operates

2.

HEB gives back to their community by....

a)

Doing nothing

b)

Providing disaster relief

c)

ignoring education

d)

not including everyone

3.

What is an entrepreneur?

a)

A person that gives speeches all day

b)

A person that creates a business and takes risk of opening a new business

c)

A person that teaches at a school

d)

A person that works on book reports

4.

What does it mean to donate?

a)

to put money into your bank account

b)

to give your time or money to different causes

c)

to spend money at H-E-B

d)

To keep everything put away for later

5.

Which is an example of a good?

(There can be more than one correct answer)

a)

A person walking a dog for money

b)

Toothpaste

c)

Vegetables and Fruit

d)

A waiter at a McDonald's serving you food

6.

Scarcity is.....

a)

when a community does not have enough resources to meet the demand of consumers

b)

when we have too much of an item

c)

everyone is able to buy everything they want

7.

Consumers and businesses make choices about how they....

(Hint: there are two correct answer choices)

a)

Spend

b)

Talk

c)

Save

d)

Wake up

8.

Which is an example of SCARCITY?

a)

Toilet paper running out during the COVID pandemic

b)

Too many blueberries at HEB

c)

Too many bananas at

Wal-Mart

9.

The amount of money a business makes after all production costs are paid is called.......

a)

demand

b)

scarcity

c)

donating

d)

profit

10.

Many people are buying Nutella at HEB, so HEB decides to change the price from $3.58 to a higher price of $4.38. What is the relationship between demand and price?

a)

When demand decreases, price increases

b)

When demand increases, price decreases

c)

When demand increases, price increases

d)

When demand decreases, price decreases