Free Exam: 2011 (Unit #1 - Business Basics MC)
Number of Questions in Test: 15
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
Three kinds of economic resources are:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
Which of the following is an example of an intangible item?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
Below are the Supply and Demand numbers for Dell laptops.
Price Supply Demand
$400 100 220
$450 120 200
$500 140 180
$550 160 160
$600 180 140
$650 200 120
Based on this information, if Dell sells its laptops for $600 then it will:
Price Supply Demand
$400 100 220
$450 120 200
$500 140 180
$550 160 160
$600 180 140
$650 200 120
Based on this information, if Dell sells its laptops for $600 then it will:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
Below are the Supply and Demand numbers for Dell laptops.
Price Supply Demand
$400 100 220
$450 120 200
$500 140 180
$550 160 160
$600 180 140
$650 200 120
Based on this information, the price that Dell should sell its laptops at is:
Price Supply Demand
$400 100 220
$450 120 200
$500 140 180
$550 160 160
$600 180 140
$650 200 120
Based on this information, the price that Dell should sell its laptops at is:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
Below are the Supply and Demand numbers for Dell laptops.
Price Supply Demand
$400 100 220
$450 120 200
$500 140 180
$550 160 160
$600 180 140
$650 200 120
Based on this information, if Dell raises it price to $700 then demand will likely:
Price Supply Demand
$400 100 220
$450 120 200
$500 140 180
$550 160 160
$600 180 140
$650 200 120
Based on this information, if Dell raises it price to $700 then demand will likely:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |