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Free Exam: Barry 1.03 Test

Number of Questions in Test: 40
Number of Questions in Preview: 5
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Question 1

The group Phish performed to raise funds for needy children. T-shirts to commemorate the event were sold for $35.00. Exchanging a product for monetary value is an example of which type of utility?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

An entire crop of Florida oranges was destroyed due to a harsh winter storm. As an owner of an Orange Julius franchise meeting the unlimited wants of your customers with a limited supply of oranges demonstrates the study of:

Type: Multiple choice
Points: 1
Randomize answers: No

Question 3

The Louisville Slugger baseball bats are made out of high quality ashe wood. The conversion of raw materials into useful products is an example of which type utility?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 4

A local high school student earns extra money on game days at Ericsson Stadium by painting designs on the faces of fans. This high school student is an example of a(n):

Type: Multiple choice
Points: 1
Randomize answers: No

Question 5

The Johnson's took their children to see a live performance of The Lion King at the Meymandi Performing Arts Center in Raleigh. This is an example of an economic:

Type: Multiple choice
Points: 1
Randomize answers: No

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