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Business Chapter 1
Test Description: Decision making, needs and wants, goods and services, economic factors of production
Instructions: Answer all questions to get your test result.
1) things you can see and touch.
A
wants
B
goods
C
services
D
needs
2) which of these is not a good?
A
ipad
B
picture frame
C
haircut
D
boeing 747
3) which of these companies' main business activity is providing a service?
A
bank of america
B
walmart
C
pizza hut
D
target
4) which of these is a synonym for economic factors of production?
A
economic systems
B
economic resources
C
economic qualities
D
economic woes
5) wants that are satisfied through the efforts of other people or by equipment.
A
goods
B
services
C
capital resources
D
natural resources
6) every good and service uses all 3 economic factors of production
A
false
B
blah
C
true
D
blah
7) which of the following doesn't belong to the list of economic factors of production?
A
natural resources
B
business resources
C
capital resources
D
human resources
8) gold is an example of a...
A
need
B
factor of production
C
natural resource
D
service
9) which student in our class is from burma?
A
matt
B
darius
C
denise
D
dakota
10) which student in our class is from Florida?
A
cayden
B
ari
C
scottie
D
hattie
11) a capital resource for SCA is...
A
computers
B
Air
C
Water
D
Dr. Lindsted
*select an answer for all questions
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