Terms used in business

Terms used in business

8th Grade

10 Qs

quiz-placeholder

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Terms used in business

Terms used in business

Assessment

Quiz

Business

8th Grade

Hard

Created by

Allecia Mason Mckellop

Used 12+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

2. Persons who own and operate their own business are called

Executives

Operators

Economisers

Entrepreneurs

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

3. A person who creates goods and services is called a

Consumer

Producer

Businessperson

Trader

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

4. An intangible benefit is called a

Service

Good

Commodity

Market

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

5. When coffee is traded between countries it is called a

Loss

Profit

Good

Commodity

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

6. Which of the following words could mean man-made resources?

Labour

Capital

Organisation

Market

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

7. When total revenue (TR) is greater than total cost (TC), the business makes a

Loss

Barter

Profit

Exchange

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

8. Give a suitable term to describe the picture to the left

Exchange

Barter

Trade

Goods

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