Business Management- Chapter 8 Test
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
Deda Rush
Used 41+ times
FREE Resource
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34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Form utility usually applies only to services and not goods.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic utility is one of the four types of utility that satisfy wants.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling snow tires to a customer during the first snowstorm of the season is an example of providing time utility.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurship is a factor of production.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country did not produce any capital goods, it could not produce many consumer goods.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital goods directly satisfy human wants.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States has adequate resources to satisfy all the wants of all its people.
True
False
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