N5 UB 1

N5 UB 1

11th Grade

20 Qs

quiz-placeholder

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N5 UB 1

N5 UB 1

Assessment

Quiz

Business

11th Grade

Medium

Created by

L Wilson

Used 4+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following best describes "goods" as mentioned in the material?

Products we can see and touch when we purchase them

Services provided by professionals

Experiences we cannot see or touch

Activities we do for fun

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is an example of a service?

Buying a car

Drinking a can of juice

Getting a haircut

Purchasing a mobile phone

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you go to the cinema, what are you purchasing according to the definitions in the material?

A good

A product

A service

A device

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business provides both goods and services. Which of the following scenarios best illustrates this concept?

A store sells only mobile phones

A salon offers only haircuts

A supermarket sells groceries and offers home delivery

A cinema only shows movies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is an example of a non-durable good?

Refrigerator

Car

Sweets

Mobile phone

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between durable and non-durable goods?

Durable goods are always more expensive

Non-durable goods are used only once and consumed quickly, while durable goods are used many times and last longer

Durable goods are always edible

Non-durable goods are never used in households

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an example of a business in the primary sector?

Fishing

Farming

Oil drilling

Retail store

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