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Free Exam: 2011 (Unit #1 - Business Basics T/F)

Number of Questions in Test: 20
Number of Questions in Preview: 5
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Question 1
A chocolate sundae is considered a need even though it is a type of junk food.
Type: True/False
Points: 1
Question 2
Services are produced and you can touch them.
Type: True/False
Points: 1
Question 3
If a business takes out a $5000 loan from the bank then it would have increased the amount of capital resources it has.
Type: True/False
Points: 1
Question 4
Silver, wheat, and water are examples of natural resources.
Type: True/False
Points: 1
Question 5
The "Law of Supply" states that, as prices decrease, the quantity of a good or service being produced will increase.
Type: True/False
Points: 1
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