Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
POB Review 1
Test Description: POB
Instructions: Answer all questions to get your test result.
1) Which is an example of a company establishing supply?
A
Walmart sends only five touch screen computers to each store.
B
A central leadership group expecting all the profit from production.
C
Local company choosing to produce gaming software.
D
Consumers bought less of the old version of a video game once the new one was released.
2) Duke Energy Power Company uses water to power the area. Which resource is Duke Energy Power using?
A
Rare
B
Entrepreneurial
C
Natural
D
Capital
3) Jane’s Steakhouse offers several dishes that may include whole wheat, corn, or beef. Which type of resource is included in the dishes?
A
Human
B
Entrepreneurial
C
Capital
D
Natural
4) John specializes in leasing commercial buildings to manufacturing companies. In which type of resource does he specialize?
A
Entrepreneurial
B
Natural
C
Captial
D
Human
5) Which is an example of consumers establishing demand?
A
A central leadership group expecting all the profit from production.
B
The purchase of iPhone applications increasing daily
C
Evaluating the advantages and disadvantages of each choice
D
Walmart sends only five touch screen computers to each store.
6) Tony organized all the automobiles that he has decided to sell at his dealership. Which part of economic decision-making process has he performed?
A
Producers establish supply
B
Evaluating the advantages and disadvantages of each choice
C
Acting on a choice
D
Identifying choices
7) Jewel Manufacturing Company changed its production line to include more workers and decrease production time. Which economic question does this address?
A
What to produce?
B
Whom to produce for?
C
How to produce?
D
Will the real slim shady please stand up?
8) An example of a value for a market economy is a:
A
Local company choosing to produce gaming software.
B
Producers establish supply
C
A central leadership group expecting all the profit from production.
D
Consumers bought less of the old version of a video game once the new one was released.
9) Brandon’s Towing Company added flat tire replacement services. Which economic question does this address?
A
What to produce?
B
What is produce?
C
How to produce
D
Where to produce
10) Tony is trying to decide on which cars to sell at his dealership. He completed a spreadsheet to compare the options of cars. Which part of economic decision-making process has he performed?
A
Identifying choices
B
Evaluating the advantages and disadvantages of each choice
C
Trusting one choice
D
Acting on a choice
11) Bryers Ice Cream Company plans to increase the quantity of ice cream sold per quarter. This is an example of which self-regulating principle of a market economy?
A
Producers Establishing Demand
B
Consumers Establishing Demand
C
Consumers Establishing Supply
D
Producers establish supply
12) Which is an example of consumers setting the demand?
A
Consumers bought less of the old version of a video game once the new one was released.
B
A central leadership group expecting all the profit from production.
C
Walmart sends only five touch screen computers to each store.
D
Local company choosing to produce gaming software
13) Tina needs to find employment to earn an income. She applied for positions as a teacher, contractor, and coordinator. Which part of the economic decision-making process has she performed?
A
Evaluating choices
B
Gathering Information
C
Identifying choices
D
Acting on choices
14) An example of a value for a command economy is:
A
Trampoline Tuesdays
B
A central leadership group expecting all the profit from production.
C
Identifying choices
D
Capital
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?