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Business and Economics Quiz
Business and Economics Quiz
15 terms
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StudBud Administration
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1,323 plays
A short terminology quiz pertinent to a Year 7 / 8 Level understanding of Business and Economics.
Flashcards
15 cards
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Questions
15
Answers
1
______________ is the sum of the transactions that make it up.
Economy
Transaction
Market
Stockmarket
2
This group trades money for goods and services in transaction.
Seller
Buyer
3
A task or job that is performed by someone in exchange for money or goods.
Goods
Services
4
A _____ consists of all the buyers and all the sellers making transactions for the same thing.
Stockmarket
Business
Market
Company
5
Another name for a share.
Lock
Stock
Block
Clock
6
A small part of a company’s profit that can be owned by a stockholder.
Share
Stock
Business
A cup.
7
A global marketplace in which businesses and companies buy and sell shares in other companies.
Market
Bazaar
Business
Stockmarket
8
Revenue - Costs = ?
Profit
Outsourcing
Revenue
Finances
9
A trade of money and goods or services between two parties.
Economy
Transaction
Market
Money
10
The total expenses (money paid) of running a business i.e. wages, taxation, machinery etc.
Credit
Profit
Costs
Revenue
11
________________ is when one company contracts another to perform tasks for them.
Out-saucing
Outsourcing
Supply and Demand
Crediting
12
The use of scientific knowledge to produce devices that improve our lives or make tasks easier.
Technology
Magic
Revenue
Efficency
13
Merchandise or objects that can be bought and sold in transactions.
Money
Services
Transaction
Goods
14
The total amount of money or credit received through selling the goods or services of a company
Costs
Sales
Revenue
Profit
15
This group trades goods and services for money in a transaction.
Seller
Buyer
