Economics and management science
Created on 20th November 2024
Grade level: A1 - Beginnerth grade
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47 Questions
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Questions (47)
1. What is economics?
The study of money and resources
4 choice options
2. What do we call a person who manages a business?
A manager
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3. What is a market?
A place to buy and sell goods
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4. What is supply?
The amount of goods available
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5. What is demand?
The desire for a product
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6. What does a budget do?
Helps manage money
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7. What is profit?
Money earned after costs
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8. What is a consumer?
A person who buys goods
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9. What is a business?
An organization that sells goods
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10. What is a price?
The amount of money for a product
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11. What is an entrepreneur?
A person who starts a business
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12. What is a service?
Work done for others
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13. What is competition?
Businesses trying to sell to customers
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14. What is a resource?
Something used to make goods
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15. What does an investor do?
Puts money into a business
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16. What is inflation?
The rise in prices over time
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17. What is a salary?
Money paid for work
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18. What is a corporation?
A large business with many owners
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19. What is advertising?
Promoting a product or service
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20. What is a loan?
Borrowing money to pay back later
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21. What does a salary do?
Rewards work done
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22. What is a trade?
Exchanging goods or services
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23. What is interest?
Money paid for borrowing
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24. What is a stock?
A share in a company
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25. What is a dividend?
A payment to stockholders
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26. What is economics?
The study of how people use resources.
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27. What do managers do?
They help teams work together.
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28. What is supply?
The amount of a product available.
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29. What is demand?
The desire for a product.
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30. What does a budget do?
It helps you spend money wisely.
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31. What is a product?
Something you can buy.
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32. What is a service?
Help provided to others.
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33. What is a market?
A place to buy and sell.
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34. What is profit?
Money earned after costs.
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35. What is a company?
A group that sells products.
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36. What does a leader do?
They guide a group.
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37. What is an entrepreneur?
A person who starts a business.
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38. What is trade?
The exchange of goods.
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39. What is a consumer?
A person who buys things.
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40. What is an expense?
Money spent on things.
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41. What is a goal in management?
An aim to achieve.
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42. What is a resource?
Things needed to do a task.
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43. What is a strategy?
A plan to achieve a goal.
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44. What is marketing?
Promoting products to customers.
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45. What is competition?
Rivalry among businesses.
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46. What is inflation?
The increase in prices over time.
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47. What is an investment?
Putting money into something to earn more.
4 choice options