Week 1 summary sheet questions
Passage
•
Business
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a business according to the summary sheet?
To provide goods and services
To make a profit
To create jobs
To fill a gap in the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a service?
A mobile phone
Banking
A packet of crisps
A pair of shoes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do people set up businesses? (Choose the option that is NOT a reason mentioned in the summary sheet)
To be their own boss
To make more money
To take advantage of government subsidies
To satisfy a demand for goods and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes consumer goods and services from producer goods and services?
Consumer goods and services are cheaper
Consumer goods and services are created for individual use
Producer goods and services are created for individual use
Producer goods and services are always intangible
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of public enterprises?
To make a profit
To provide goods and services that the private sector fails to provide adequately
To compete with the private sector
To raise money and awareness for social issues
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are considered stakeholders in a business?
Only the owners and shareholders
Only the customers and suppliers
Only the government and public
Any individual or group with an interest in the operation of a business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expected from businesses by customers?
Low-quality products at high prices
Good quality products at a fair price
High-quality products at low prices
Exclusive products at premium prices
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