S1 Understanding Business (2)
Authored by Pamela McGinty
Business
3rd Grade
Used 5+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a need?
A need is something that humans must have to survive
A luxury item that humans have but are not essential to survive
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Durable goods are made to last a long time. True or False?
True
False
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select two examples of durable goods ?
Coffee
Washing Machine
Bread
Car
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Non durable goods last a limited period of time. True or False?
True
False
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are 2 examples of a non durable good ?
Car
Fruit
Bread
Fridge
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are The Factors of Production?
Land
Labour
Capital
Enterprise
Land
Labour
Buildings
Enterprise
Land
People
Capital
Enterprise
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of the term entrepreneur?
A entrepreneur is a person who has an business idea and has the drive and courage to take it forward
A entrepreneur is a person who invest money in someone else’s business
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