Increasing the difference between the cost of bought-in inputs (materials) and the selling price of finished goods is
AICE Business Ch. 1

Quiz
•
Business
•
9th - 12th Grade
•
Easy

Allison Gerber
Used 22+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
creating value
adding value
added value
profit
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
An individual who has the idea for a new business, starts it up and carries most of the risks but benefits from the rewards.
Intrapreneur
Manager
Entrepreneur
CEO
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The resources needed by business to produce goods or services.
Capital Goods
Labour
Enterprise
Factors of Production
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
If a university chooses to build a football stadium, then the new library becomes a(n)________________.
liability
risk
opportunity cost
obsolete
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
A limitation of a business plan is that...
it is costly to create
it can lead entrepreneurs to be inflexible
it forces the owner to think seriously about the proposal
it does not provide a clear plan of action
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The physical goods used by industry to aid in the production of other goods and services, such as machines and commercial vehicles.
Capital Goods
Land
Enterprise
Factors of Production
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Increase in gas prices and inflation are just two ways in which a car company could be impacted by the dynamic business environment:
True
False
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