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Worksheets5W Business and Economics Quiz
Total questions: 10
Worksheet time: 18mins
Click the option that is a good
Paying for a surfboard lesson
Paying for new bathers
Paying for a doctors appointment
Click the option that is a service
Purchasing pumpkin scones
Paying for braces
Paying for a haircut
What is a consumer?
Someone who pays for goods or services from a business
Someone who makes custom t-shirts
An entreprenuer
Describe in your own words what a business is?
The three main reasons businesses exist are
To provide goods, to make money, to work for themselves
To provide services, to provide employment, to pick their own roster
To provide goods and services, to make a profit, to provide employment
Answer questions about the following scenario.
Imagine a kitchenware business wants to make its shop look more appealing. It is trying to decide whether to spend money on new lighting or display tables. The current lighting is a little dull but still works perfectly. The current display tables wobbly. One recently collapsed and almost injured a customer..
What do you think the businesses priority (top focus) should be and why?
Give two examples of natural resources a cafe might use.
Give two examples of capital resources (machinery, tools, buildings) a cafe might use.
Give two examples of human resources a cafe might use.
