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Understanding Goods and Services

Authored by Riham. Kais

Business

12th Grade

Understanding Goods and Services
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

'Goods' are things you can touch and use, such as clothes and books.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

'Services' are things that other people do for you such as cutting your hair or delivering goods to a shop.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

'Needs' are items that we would like to have, although we will not die without them such as a computer, a holiday, a car, etc.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

'Wants' are items that we must have in order to live such as food, drink, shelter, clothing, and warmth.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main objective of public enterprise is to provide services to the local and national community.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four categories of resources such as land, labor, capital, and enterprise are needed for production.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Primary sector businesses produce the raw materials needed to make finished products or manufacture.

True

False

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