Chapter 3 S&E Sports Means Business Review

Chapter 3 S&E Sports Means Business Review

9th - 12th Grade

30 Qs

quiz-placeholder

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Chapter 3 S&E Sports Means Business Review

Chapter 3 S&E Sports Means Business Review

Assessment

Quiz

Specialty

9th - 12th Grade

Practice Problem

Hard

Created by

Chris Apple

Used 4+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic impact is the effect produced by decisions made by consumers and businesses.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of how goods and services are produced, distributed, and consumed is called marketing.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because people have limited time and money to spend on entertainment, they must make decisions about how to spend their limited resources.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the physical characteristics of a product or service are improved, it is called possession utility.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Building a company without outside assistance is often referred to as crowdsourcing.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Risks can be classified as controllable, insurable, and involving gain or loss.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Risk retention means purchasing insurance to cover possible losses.

True
False

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