Economics: Business Wants & Needs

Economics: Business Wants & Needs

9th - 12th Grade

20 Qs

quiz-placeholder

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Economics: Business Wants & Needs

Economics: Business Wants & Needs

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Leigh Holmes

Used 24+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Things we wish for are called...

wants

needs

toys

goals

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Things a person must have for survival, such as food, shelter, and clothing are called...

wants

needs

essentials

goals

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Goods are...

jobs that people or machines do for other people.

actual things that can be physically weighed or measured.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

True or False: Ideas are goods.

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are jobs that people or machines do for other people?

Goods

Services

Products

Activities

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount of money left over after a business has paid for the cost of producing goods and services is called what?

Revenue

Expenses

Profit

Bank

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What do you call a contest between businesses to win customers?

Game

Advertising

Marketing

Competition

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