PBMF Midterm
9th - 12th Grade
•20 Qs
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PBMF Midterm
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Jacquilyn Franco
Used 3+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anywhere a business exchange takes place
Economics
Market
Business
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
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
An action or task that is performed, usually for a fee
Good
Service
Business
Product
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that can be bought or sold
Business
Market
Factors of Production
Product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Products are commonly known as
Needs and wants
Goods and services
Factors of Production
Functions of business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a _____ economy, individuals are free to make their own economic decisions
Market
Command
Traditional
Central
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