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Economics and Finance Quiz

Total questions: 19

Worksheet time: 10mins

Name
Class
Date
1.

The act of promoting your business is called ______.

a)

Marketing

b)

Customer Service

c)

Adaptability

2.

Your product or service must have _______.

a)

Quality

b)

Partnership

c)

Transport

3.

A _______ card allows you to spend your own money.

a)

Debit

b)

Credit

c)

Interest

4.

A business managed by a board of directors is referred to as a _______ business.

a)

Sole

b)

Partnership

c)

Corporate

5.

Which institution provides services to help people manage their money?

a)

Educational

b)

Financial

c)

Religious

6.

A card used to borrow money to make purchases is called a ________ card.

a)

Debit

b)

Credit

c)

Interest

7.

In a partnership business, profit and loss are shared between _______ individual(s).

a)

Less than 1

b)

1

c)

More than 1

8.

A business owned and operated by one person is called a ______ business.

a)

Sole

b)

Partnership

c)

Corporate

9.

________ is money that you borrow and promise to pay back later.

a)

Debit

b)

Credit

c)

Interest

10.

The scale of ______ helps us allocate our resources wisely.

a)

Chicken

b)

Measurement

c)

Preference

11.

The finance department keeps track of business _______ and ______.

a)

People, Transport

b)

Registration, Liability

c)

Income, Expenses

12.

The scale of preference helps us make ______ decisions.

a)

Uncertain

b)

Spending

c)

Informed

13.

What sells goods or services to make a profit?

a)

Business

b)

Industry

c)

Company

14.

Opportunity cost is the value of the best next ______ forgone when a choice is made.

a)

Cash and Carry

b)

Investment

c)

Alternative

15.

Which of the following is an example of a financial institution?

a)

School

b)

Bank

c)

Church

16.

________ is putting money aside to use in the future.

a)

Interest

b)

Withdrawal

c)

Saving

17.

A _______ score is a number that shows how good you are at paying back money you borrow.

a)

Debit

b)

Credit

c)

Interest

18.

Customer Service helps you treat your ________ well.

a)

Parents

b)

Teacher

c)

Customers

19.

What is the money you borrow from a bank called?

a)

Gift

b)

Luck

c)

Loan