Which of the following are potential factors of production used to produce a textbook? (Check all that apply)
Business Studies Chapter 1-3

Quiz
•
Business
•
9th - 10th Grade
•
Medium

Lilliannn L
Used 25+ times
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11 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
forests
writers
editors (to proof-read)
students
printing machines
2.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
The basic economic problem is a result of _______: there exist unlimited wants but limited resources to produce goods and services to satisfy those wants.
3.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Due to the problem of scarcity, we have to make choices. Due to choices, there is an ________ involved when making decisions.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Netflix belongs to which sector of the economy?
Primary sector
Secondary sector
Tertiary sector
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Oil refining belongs to which sector of the economy?
Primary sector
Secondary sector
Tertiary sector
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which one is not a way to measure business size?
number of employees
number of entrepreneurs
market share
value of output
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Facebook bought Instagram for $1 billion in 2012. This is an example of...
horizontal integration
backward vertical integration
forward vertical integration
conglomerate integration
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