Unit 2: Quiz 3 "Practice Questions"
Authored by Olivia Salzwedel
Business
9th Grade
Used 3+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
Costs that stay the same regardless of how much of a good or service is produced are _____.
fixed costs
opportunity costs
variable costs
none of the above
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
Costs that change with increases and decreases in the amount produced are _____.
fixed costs
opportunity costs
variable costs
none of the above
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
Costs of selecting one opportunity or investment over another are _____.
fixed costs
opportunity costs
variable costs
none of the above
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
Materials are an example of _____.
fixed costs
opportunity costs
variable costs
none of the above
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
fixed costs
opportunity costs
variable costs
none of the above
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
Rent is an example of a(n) _____.
fixed costs
opportunity costs
variable costs
none of the above
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Complete the sentence:
The desire to earn a profit is called _____.
smart decision making
profit motive
business
entrepreneurship
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