Which of the following best describes the concept of "opportunity cost" in economics?
Business Lesson

Quiz
•
Business
•
University
•
Medium

Colin Carson
Used 3+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The toal cost of producing one additional unit of a good or service
The cost incurred when resources are not efficiently utilised
The value of the next best alternative forgone when a decision is made
The monetary cost associated with purchasing good or services in the market
2.
REORDER QUESTION
1 min • 1 pt
Reorder the following in the order they appear on an Income Statement
Sales / Revenue
Cost of Goods Sold
Gross Profit
Expenses
Net Profit
3.
DROPDOWN QUESTION
1 min • 1 pt
A (a) is a computer software (b) that enables the creation of (c) documents such as letters, e-mails, or labels by combining a template with a data source, typically a list of names and (d)
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The 4 Ps of marketing are Product, Price, Promotion and?
5.
HOTSPOT QUESTION
30 sec • 1 pt
This is a map of Africa. Select which one of these spots is Angola
6.
CLASSIFICATION QUESTION
1 min • 1 pt
Which trains stops would you expect to see when getting a train to the following destinations
Groups:
(a) Train to East Kilbride
,
(b) Train to Greenock
Giffnock
Port Glasgow
Hairmyres
Crossmyloof
Bishopton
Cartsdyke
Clarkston
Paisley Gilmour Street
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How many people in this class support Heart of Midlothian Football Club?
1
2
3
4 or more
8.
MATCH QUESTION
45 sec • 1 pt
Match the following faces to the correct TV programme
Traitors
Desperate Housewives
Still Game
Married at First Sight Australia
Gavin & Stacey
9.
DRAW QUESTION
3 mins • 1 pt
Draw a photo which represents your journey as a teacher so far?

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