BUSINESS ESSENTIALS- VOCAB

BUSINESS ESSENTIALS- VOCAB

9th - 12th Grade

15 Qs

quiz-placeholder

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BUSINESS ESSENTIALS- VOCAB

BUSINESS ESSENTIALS- VOCAB

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

JESSICA COLLINS

Used 48+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A private or civil wrongdoing, an offense against an individual.

Crime

Liability

Market

Tort

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement between two or more parties that create obligations enforceable by law.

Genuine Agreement

Contract

Capacity

Voluntary Exchange

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount owed by a business

Asset

Liability

Owner's Equity

Charges

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value owned by a business

Asset

Liability

Owner's Equity

Charges

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much of the goods or services consumers are willing and able to buy?

Supply

Demand

Shortage

Surplus

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Information about a customer including things like what they like, how they spend their time, things they value etc.

Demographics

Psychographics

Geographics

Centrographics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Must have the legal ability to enter into a contract (mental capacity, age, etc.)

Leaglity

Capacity

Consideration

Proper Form

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