Terms used in business

Quiz
•
Business
•
8th Grade
•
Hard
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
8. Give a suitable term to describe the picture to the left
Exchange
Barter
Trade
Goods
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