BUSN 101 Test practice

BUSN 101 Test practice

9th - 12th Grade

20 Qs

quiz-placeholder

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BUSN 101 Test practice

BUSN 101 Test practice

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Sara Franklin

Used 4+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total amount of money an employee receives before taxes and deductions.

Net pay

Pay check

Gross pay

Pay stub

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes what we mean by resources in economics?

Natural resources like natural gas and trees

The factors used to produce goods and services

Human resources like workers

The ability to handle a situation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a motorcycle manufacturer announces that it will no longer make its most popular model of bike, what do you think will happen to the price of the bike?

Increase

Decrease

Stay the same

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money a company receives by providing services or selling goods to customers.

costs

profit

revenue

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a factor of production?

labor

natural resources

capitol

non-profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best definition of economics?

The study of how governments make decisions regarding public policy

The study of how businesses make money

The study of human society

The study of how society's scarce resources are allocated

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is used to describe the percent of the labor force that does not have a job but is currently looking for one?

leading economic indicator

full employment

unemployment rate

Structural employment

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