1. What are goods?
AQA GCSE Business Topic 1: Business in the Real World

Quiz
•
Business
•
9th Grade
•
Hard

Business Department
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A) Intangible activities provided to consumers
B) Physical items produced and sold to consumers
C) Resources used to start a business
D) Money invested in a company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. A customer is someone who:
A) Manufactures goods
B) Sells goods to others
C) Buys goods or services
D) Delivers packages
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Which of the following is not a factor of production (FoP)?
A) Government
B) Labour
C) Capital
D) Land
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Land as a factor of production refers to:
A) All natural resources used in production
B) Buildings and offices
C) People who work in a business
D) The money invested
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. An enterprise is:
A) The land used by a business
B) A type of capital
C) The organisation and risk-taking involved in starting a business
D) The product sold
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. What is meant by opportunity cost?
A) The total money spent on a product
B) The value of the next best alternative given up
C) The financial gain from a decision
D) The number of opportunities available
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. The tertiary industry includes:
A) Making products in a factory
B) Services like retail and education
C) Growing crops
D) Mining
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