
Unit 1 Test Intro to Business
Authored by Darek Tillman
Business
9th - 12th Grade
Used 21+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine James and Harper both run lemonade stands on the same street. What is the term for the contest between their businesses to win customers' business and loyalty?
Needs
Competition
Marketing
Partnership
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Daniel, Nora, and Ava are planning a camping trip! They need to pack items that are absolutely necessary for their survival, like clothing, food, and shelter. What do we call these essential items?
Needs
Wants
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Olivia, Arjun, and Samuel are making a wish list for their dream classroom. They add some items that would be nice to have, but aren't really necessary. What do we call these kinds of items?
Needs
Wants
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Grace loves shopping for the latest gadgets, while Aria enjoys trying out new ice cream flavors. What do we call a person like Grace or Aria who uses goods or services? Many times, they are also the customer (AKA: purchaser).
Competition
Accounting
Consumer
Sole Proprietorship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rohan and Luna are running a shop where they sell items that can be physically weighed or measured, like clothing and candy. What are these items called?
Goods
Services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ava needs a haircut and Kai wants his car washed. What do we call these helpful tasks that businesses perform for customers?
Goods
Services
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine James wants to start his own lemonade stand, and he wants to be the only boss! What type of business is James running?
A partnership
A Sole Proprietorship
A Non Profit
A corporation
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