Economic Vocabulary

Economic Vocabulary

3rd Grade

19 Qs

quiz-placeholder

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Economic Vocabulary

Economic Vocabulary

Assessment

Quiz

Social Studies

3rd Grade

Easy

Created by

Alexx Burnside

Used 48+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the meaning of CAPITAL?

place in a state

insurance

money

the business owner in charge

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the definition of BUSINESS PLAN?

who will run your business

a detailed plan including the strategies to make a profit

what your business will sell

location of your business

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the definition of EMPLOYEE?

someone who will buy your product

the owner of your business

someone who will work in your business

a business similar to yours

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the definition of FUNDING?

money to start your business

profit

money your business makes

investing

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the definition of INVESTOR?

someone who loans you money for your business with the expectation that you WILL pay them back

employees who give you money

people who buy from your business

someone who loans you money for your business with the expectation that would NOT pay them back

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the definition of PROFIT?

the amount of money you make altogether

how much total money you make in 1 day

the amount of money that you make that is over the amount of money you used to start your business

how much total money you make in 1 year

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the definition of REINVEST?

to borrow money from someone and pay them back

to use money from your business to buy something new

to loan someone money for their business

to take money you earned from your business and put back into your business to make it grow

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