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PBMF Midterm

Authored by Jacquilyn Franco

Business

9th - 12th Grade

Used 12+ times

PBMF Midterm
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20 questions

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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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Microsoft

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Apple

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