
BE Unit 2.00 Practice Test
Quiz
•
Business
•
8th Grade
•
Practice Problem
•
Medium
Millard Davis
Used 5+ times
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62 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________________: the rivalry between two or more businesses to attract scarce customer dollars.
economic risks
profit motive
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________________: the amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell; the amount of money a business pays for the products (or for any part of the products) it sells.
profit motive
income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________________: the possibility of loss or failure that occurs as a result of the economy.
natural risks
human risks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The possibility of loss (failure) or gain (success) inherent in conducting business.
natural risk
economic risk
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of income earned by a business prior to paying income taxes.
cost of goods
transfer
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money that a business spends.
gross profit
income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rivalry between or among businesses that offer similar types of goods or services.
indirect competition
direct competition
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