Quiz: Business And You Questions

10 Questions | By Zmolls | Updated: Mar 20, 2022 | Attempts: 72

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Chapter 1 - Business and You Quiz

Questions and Answers

1.

Many things are produced by business. A computer is an example of a ______________ .
- A.
  
  Business
- B.
  
  Good
- C.
  
  Consumer
- D.
  
  Want
2.

Some things are necessary for our survival. Food is an example of a ______________ .
- A.
  
  Choice
- B.
  
  Service
- C.
  
  Need
- D.
  
  Want
3.

People who recognize consumer wants and needs and devise methods to satisfy them are _________________ .
- A.
  
  Interdependent
- B.
  
  Producers
- C.
  
  Services
- D.
  
  Entrepreneurs
4.

Someone who uses goods and services is a _______________ .
- A.
  
  Business
- B.
  
  Consumer
- C.
  
  Entrepreneur
- D.
  
  Service
5.

Because businesses and people in Canada rely on one another, we say that they are ________________ .
- A.
  
  Interdependent
- B.
  
  Consumer
- C.
  
  Serviced
- D.
  
  Producers
6.

When you have a haircut, you are consuming a _____________ .
- A.
  
  Entrepreneur
- B.
  
  Business
- C.
  
  Good
- D.
  
  Service
7.

Something that we would like to have, but is not necessary for our survival, is called a _________________ .
- A.
  
  Choice
- B.
  
  Want
- C.
  
  Good
- D.
  
  Service
8.

An organization that produces goods and/or services is called ______________ .
- A.
  
  Business
- B.
  
  Consumer
- C.
  
  Producer
- D.
  
  Entrepreneur
9.

Consumers consume, or use up, goods and services after they have need manufactured or made available by ____________ who represent the interest of business.
- A.
  
  Services
- B.
  
  Goods
- C.
  
  Entrepreneurs
- D.
  
  Producers
10.

An abundance of goods and services offered in the market place results in many ______________ being made by consumers.
- A.
  
  Goods
- B.
  
  Needs
- C.
  
  Choices
- D.
  
  Wants