Ch1 Review
Authored by Jacquilyn Franco
Business
9th - 12th Grade
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anywhere a business exchange takes place
Economics
Business
Market
Product
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that a business has left over after all the expenses and costs of running the business are paid
Profit
Capitalism
Service
Goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system where the economic resources are PRIVATELY owned by individuals rather than the government
Business
Economics
Capitalism
Scarcity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that can be bought or sold
Business
Market
Factors of Production
Product
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When demand is higher than the available resources
Economics
Scarcity
Customer
Good
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An individual or group who buys products
Customer
Service
Good
Product
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An action or task that is performed, usually for a fee
Good
Service
Business
Product
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