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- 1. Multiple Choice
Everyone has wants and needs. However, the world’s resources are limited, so we can’t have everything we want. This is known as economic ________.
Problem
Supply
Demand
Scarcity
- 2. Multiple Choice
Which of the following things should you consider when planning to open a small business?
(Select all that apply)
Location
Competition
Legal responsibilities
What to spend your first paycheck on
- 3. Multiple Choice
Which of the following could NOT be a sole trader?
An internet provider
An independent hairdresser
An electrician
A musician
- 4. Open Ended
What are two disadvantages of being a sole trader?
- 5. Multiple Choice
What best describes 'business capital'?
Where the company's central headquarter are.
The total profit earned by a company.
The financial assets owned by a company.
- 6. Open Ended
What is the difference between goods and services?
- 7. Fill in the Blank
The sector which receives money from taxation and spends money through government spending is the __________ sector.
- 8. Fill in the Blank
People who buy goods are called 'c_______'.
- 9. Multiple Choice
Which of the following are goods?
(select two)
Teachers
Music (cd or streamed)
Ice Cream
Photographer
- 10. Multiple Choice
Where are markets found?
Online
In-stores
Both
- 11. Multiple Choice
Which of these options have impacted they way we work today?
Women's rights
Labour rights
Children's rights
All of these options
- 12. Poll
How confident are you with the business unit so far?
I could teach it to others.
I understand most things.
I understand some things.
I feel like I'm falling behind.
- Answer choicesTagsAnswer choicesTags