Free Exam: 2011 (Unit #1 - Business Basics T/F)
Number of Questions in Test: 20
Number of Questions in Preview: 5
Register to view all questions.
Note: Answers are not shown below but will be copied with this test.
Copy this test to my quiz maker account
Register with ClassMarker to copy free tests to give to your Test takers.
Register nowQuestion 1
A chocolate sundae is considered a need even though it is a type of junk food.
| Type: | True/False |
| Points: | 1 |
Question 2
Services are produced and you can touch them.
| Type: | True/False |
| Points: | 1 |
Question 3
If a business takes out a $5000 loan from the bank then it would have increased the amount of capital resources it has.
| Type: | True/False |
| Points: | 1 |
Question 4
Silver, wheat, and water are examples of natural resources.
| Type: | True/False |
| Points: | 1 |
Question 5
The "Law of Supply" states that, as prices decrease, the quantity of a good or service being produced will increase.
| Type: | True/False |
| Points: | 1 |