ITB: 2-8 Private Enterprise System and the U.S. Economy

ITB: 2-8 Private Enterprise System and the U.S. Economy

11th Grade

10 Qs

quiz-placeholder

Similar activities

The Petty cash Book - Office Adminstration

The Petty cash Book - Office Adminstration

10th - 11th Grade

14 Qs

Management

Management

9th - 12th Grade

13 Qs

AQA GCSE BUSINESS

AQA GCSE BUSINESS

9th - 12th Grade

15 Qs

Business Calculations Gap Map

Business Calculations Gap Map

9th - 11th Grade

10 Qs

Entrepreneurship part 1

Entrepreneurship part 1

11th Grade - University

10 Qs

OCR Business Using Market Research 2.2

OCR Business Using Market Research 2.2

10th - 11th Grade

10 Qs

ALL BOUT BTS

ALL BOUT BTS

KG - Professional Development

10 Qs

Role of Marketing 2 OCR

Role of Marketing 2 OCR

10th - 11th Grade

10 Qs

ITB: 2-8 Private Enterprise System and the U.S. Economy

ITB: 2-8 Private Enterprise System and the U.S. Economy

Assessment

Quiz

Business

11th Grade

Medium

Created by

Steve Wills

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three basic questions that all societies need to answer?

What, How, and For Whom

Who, When, and Where

Why, Where, and How Much

Which, When, and How Many

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is characterized by no privately-owned property and government control of production and distribution?

Capitalism

Socialism

Communism

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are examples of socialist countries?

China, North Korea, and Cuba

Denmark, Canada, and Sweden

Australia, Germany, and France

United States, United Kingdom, and Japan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economic system of the United States?

Communism

Socialism

Capitalism

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of profit?

The financial gain earned when revenue exceeds expenses

The total revenue generated by a business

The expenses associated with achieving revenue

The difference between supply and demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'motive' mean?

A reason for doing something

The total cost of production

The amount of money earned from a business

The process of setting prices in the market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is characterized by private ownership of companies and the profit motive?

Capitalism

Socialism

Communism

Mixed Economy

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?