Business and Economics Quiz - Intro to Bus

Business and Economics Quiz - Intro to Bus

10th Grade

14 Qs

quiz-placeholder

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Business and Economics Quiz - Intro to Bus

Business and Economics Quiz - Intro to Bus

Assessment

Quiz

History

10th Grade

Medium

Created by

Destiny Marsh

Used 7+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the things we wish we could have?

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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