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Ag Business

Authored by Erynn Hayes

Science

11th Grade

NGSS covered

Used 23+ times

Ag Business
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18 questions

Show all answers

1.

MATCH QUESTION

1 min • 5 pts

Match the following ag business vocabulary terms.

Supply

the desire, willingness and ability of consumers to pay a certain price for a product or service at a given period.

Expenditure

the total amount of a given product or service a supplier offers to consumers at a given period and a given price level

Income

the cost required for something; the money spent on something.

Expense

money received, especially on a regular basis, for work or through investments.

Demand

the action of spending funds.

2.

MATCH QUESTION

1 min • 4 pts

Match the following terms to their definitions.

Credit

the ability of an individual or organization to obtain goods or services before payment, based on an agreement to pay late

Debit

property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Assets

wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.

Capital

an entry recording an amount owed, listed on the left-hand side or column of an account.

3.

MATCH QUESTION

1 min • 1 pt

Match the following definitions to the correct term.

Entrepreneur

an economic and political system in which a country's trade and industry are controlled by private owners for profit.

Import

a commodity, article, or service brought in from abroad for sale

Export

a commodity, article, or service sold abroad

Free Enterprise

a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so

Capitalism

an economic system in which private business operates in competition and largely free of state control.

4.

MATCH QUESTION

1 min • 1 pt

Match the following terms to their definition.

Economic Opportunity

a set of rules or concepts that govern how people satisfy their unlimited wants with their limited resources.

Economic Principles

the personnel of a business or organization, especially when regarded as a significant asset.

Human Resources

an entry recording a sum received, listed on the right-hand side or column of an account.

Credit

providing an equal chance for people to earn a living wage

5.

DRAG AND DROP QUESTION

20 sec • 10 pts

Media Image

Turkeys for Thanksgiving are raised on poultry farms. If the Bird Flu hits and kills most of the turkeys, ​ (a)   and the ​ (b)   .

supply goes down
price goes up
supply goes up
demand goes down
demand goes up
price goes down

6.

DRAG AND DROP QUESTION

20 sec • 10 pts

Media Image

Starbucks decided to start selling pumpkin spice lattes again. Because of this, the ​ (a)   and the ​ (b)   .

supply goes down
price goes up
supply goes up
demand goes down
demand goes up
price goes down

7.

DRAG AND DROP QUESTION

20 sec • 10 pts

Media Image

We find a new gas reservoir and decide to drill it. Because of this, the ​ (a)   and the ​ (b)   .

supply goes down
price goes up
supply goes up
demand goes down
demand goes up
price goes down

Tags

NGSS.MS-ESS3-4

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