Business Form 1 - Term 1 Test 2

Business Form 1 - Term 1 Test 2

8th Grade

15 Qs

quiz-placeholder

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Business Form 1 - Term 1 Test 2

Business Form 1 - Term 1 Test 2

Assessment

Quiz

Business

8th Grade

Medium

Created by

Mrs Sheth

Used 32+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Concerned with finished goods

Service Business

Private Sector Business

Secondary Sector of the Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money made after cost of goods has been subtracted

Profit

Fixed Capital

A need

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buildings and Machinery

Profit

Fixed Capital

Land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Ipad

A goods business

A want

A need

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A doctor’s surgery

Land

Labour

Service Business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the 4 Factors of Production

Private Sector Business

Labour

Service Business

Fixed Capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Required as a fundamental input for the business for example, having an Operations Manager

Service Business

Profit

A need

Labour

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