9 BS Mid Sem1 Prep 2324

Which is NOT a "Command Word?"

• Evaluation

• Calculate

• State

• Justify

Which of the following is an "Assessment Objective?"

• Explain

• Knowledge

• Outline

• Identify

The next best choice

Match the following

• Knowledge

• AO3

• Analysis

• AO1

• Evaluation

• AO2

• Application

• AO4

It refers to a person or an organization that produces goods and services to satisfy consumer wants for a profit.

• Scarcity

• Added value

• Business

• Division of labour

Which business concept is depicted on the image?

• Opportunity cost

• Added Value

• Specialization

• Public sector

X = Selling Price - Cost of materials (inputs) is the formula for...

Which is NOT a 'factor of production?'

• Wants

• Labour

• Enterprise

• Capital

If the selling price of Product A is $110 and the cost of materials is $55, what is the added value?

• $50

• $165

• $55

• $45

Which industry is NOT part of the group?

• Oil Drilling

• Farming

• Mining

• Education