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