8Bus Question Preview (ID: 36496)
8 Bus.
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What is business
a) A commercial activity
b) Bus Transport
c) Getting rich
d) Work
What is a market
a) A place to buy goods
b) Any location where buyers and sellers exchange money and goods and services
c) An outdoor shopping zone
d)
When the price is high
a) Buyers want to buy more
b) Buyers want to buy less
c)
d)
Demand is
a) The amount buyers are willing and able to buy at a price
b) The most a buyer will pay
c) Liking a type of product
d)
Supply
a) What suppliers are willing and able to offer for sale at the price
b) Providing a service
c) How much stock is available
d)
Economics is the study of
a) Money
b) Scarcity and Choice
c) Scarcity and Money
d) Scarcity and Buying
Successful businesses
a) Rely on luck
b) Plan wisely and make good decision makers
c) Pay very low wages
d)
Budgets look at
a) Income take expenses
b) Expenses take income
c)
d)
Type of Income for a casual worker
a) wage
b) salary
c) rent
d) dividends
What is income?
a) Money earned
b) Incoming activity
c) Money paid to the government
d) Expenses
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