What are the things we wish we could have?
Business and Economics Quiz - Intro to Bus

Quiz
•
History
•
10th Grade
•
Medium
Destiny Marsh
Used 7+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Needs
Desires
Wants
Resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a private want?
Access to clean water
A new car
Public transportation
Education
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are items which can be physically weighed or measured?
Goods
Services
Resources
Scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the function of business?
To produce and distribute goods and services to consumers
To satisfy unlimited wants with limited resources
To make choices based on values and goals
To organize, manage, produce, and market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of the next best alternative when making a decision?
Opportunity Cost
Scarcity
Value
Goal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is something very important in your life?
Opportunity Cost
Scarcity
Value
Goal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in the decision-making process?
Identify the problem
List the alternatives
Determine the pros and cons
Make the best decision
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