Price of a product is...

The amount customers are charged for goods.

The early banknotes were...

Receipts from the money you put in the bank.

When a bank gives someone money and charges interest

The goods market is...

Where everyday products are traded.

When demand is high, prices are higher

An investor is someone who...

Puts money into a business for profit

Quantity of a good producers offer for a certain price.

How was the value of the coins established?

By the precious metal they contained.

The department of production is responsible for...

The process of making the product in the factory.

A general increase of prices of goods and services over time

A place where producers and consumers meet to trade products

When prices are too high, demand falls.

In the finance department they...

Deal with banks, do the budgets, balancing costs and profits

Money a business has left over after paying all its expenses

What do they do in the marketing department?

They advertise products and make people want to buy them

What is the Human Resources department for?

It is responsible for hiring and training employees.

An organisation that makes goods or gives services for money

Ethical businesses contribute to society creating products, jobs, paying taxes...

Respecting their employees' rights and the environment

Quantity of a good consumers want to buy for a certain price

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Money and business

40 termsStudBud Administration24 plays

A #Social Science Kaboot to learn about #money,#market, #business and #consumers.

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Questions 40

Answers

1
In the R&D (research and development) department they...
Make budgets
Discard new products
Create new products
Employ people
2
Price of a product is...
The money the state gets when you pay taxes.
The amount customers are charged for goods.
The money you get back when you pay for goods.
What you get when you win a competition.
3
The early banknotes were...
Both are true
Both are false
Receipts from the money you put in the bank.
Pieces of paper painted with colours.
4
Cooperatives are businesses in which...
The employees are also the workers
Workers are also the owners
Workers own nothing
Workers are also the employees
5
How do we call today's money?
Heat money
Seat money
Fiat money
Road money
6
What is a loan?
When the state gives money to the investors.
When a business pays taxes to the state
When a bank pays someone money
When a bank gives someone money and charges interest
7
How many currencies are there in the world?
200
103
67
180
8
The goods market is...
Where expensive products are sold.
A market with good products.
Where everyday products are traded.
Where you store everyday products.
9
When you pay with coins and banknotes you pay...
On demand
In cash
On credit
In squash
10
Sustained inflation is a characteristic of...
Open economies.
Dying economies.
Growing economies
Poor economies.
11
SME ( small and medium-sized enterprises) are small businesses with...
Less than 150 employers
More than 250 employees
More than 250 employers
Less than 250 employees
12
People who work for themselves are...
Alone
Self-employed
Self-made
Hardworkijg
13
Which were the first forms of money?
Shells
Salt
All are correct
Animal skins
14
Law of supply:
When demand is low, prices are higher
When demand is high prices are lower
When there is no demand, prices are higher.
When demand is high, prices are higher
15
An investor is someone who...
Takes money from the business for profit
Spends too much money
Puts money in the bank to save it.
Puts money into a business for profit
16
Supply is...
Quantity of a good producers offer for a certain price.
Quantity of a good the state offers for a certain price.
Quantity of money you have in your purse.
The quantity of a good consumers offer for a certain price.
17
When did the first banknotes appear?
In the Modern Age
In the Ancient Age
In the Middle Age
In the Contemporary Age
18
How was the value of the coins established?
By the precious metal they contained.
By the colour.
By the Emperor
By the number they had.
19
The department of production is responsible for...
The process of creating advertisements
The process of hiring new employees.
The process of making the product in the factory.
The process of paying the suppliers
20
What is inflation?
A general increase of prices of goods and services over time
A general increase of taxes over time.
A general increase of supply over time.
A general increase of demand over time.
21
Expenses are...
The money you earn
The money your boss pays you
The money you spend
The money you have in the bank
22
What is market?
Carrefour
A place where producers and consumers meet to trade products
A place where the state pays wages.
A place where mum buys groceries.
23
When you save money in the bank you open a...
Budget account
Fixed account
Savings account
Purchase account
24
Law of demand:
When prices are too high, consumers keep money on a sock.
When prices are too high, demand falls.
When prices are too low, demand falls.
when prices are too high, demand increases.
25
In the finance department they...
Deal with banks, do the budgets, balancing costs and profits
Deal with suppliers, taxes and advertising.
Deal with employees, product and trade.
Deal with budgets, training and new products.
26
Where were the first coins made?
Turkey
Rome
Egypt
Greece
27
Self-employed people who employ other people are called...
Sole traders
Very lucky people
Employees
Sole workers
28
The three types of expenses are...
Mixed, variable and unexpected
Fixed, variable, interrupted
Fixed, variable, unexpected
Fixed, changeable and unexpected
29
When you save money at home we call it...
Domesticated savings
Business savings
Domestic savings
Bank savings
30
Profit is...
A dessert with pastry and cream
Money given to employees after work
Money a business has lost
Money a business has left over after paying all its expenses
31
Bartering is...
A means of exchange
A means of consuming
A means of storing
A means of counting
32
What do they do in the marketing department?
They advertise products and make people want to buy them
They deal with consumers and make them pay taxes.
They create products and train employees
They make products
33
What is the Human Resources department for?
It is responsible for hiring and training employees.
It is responsible for hiring and training consumers
It is responsible for paying taxes.
It is responsible for advertising new products
34
When you pay on credit you borrow money from the bank, and you pay...
Interiors
Investments
Interests
Interestings
35
Business is..
An organisation that gives goods for free.
An organisation in which you exchange goods.
An organisation in which you make money.
An organisation that makes goods or gives services for money
36
Ethical businesses contribute to society creating products, jobs, paying taxes...
Respecting their employees' taxes.
Respecting their employees' rights and the environment
Respecting their consumers' environment and protecting law.
Respecting their employees' rights and making lots of money
37
Large enterprises have...
More than 250 employees
Less than 250 employees
As many employers as they want.
More than 250 employers
38
Uses of money
Means of exchange
All are correct
Unit of account
Way to store value
39
What is demand?
The quantity of a good producers buy from consumers.
Quantity of a good consumers want to buy for a certain price
The quantity of a good that business sell to consumers.
Quantity of a good the state imports for a certain price.
40
Which was the world's first global currency?
Eight-real coin
Dracma
Denaries
Ten-real coin

Money and business Flashcards | StudBud