GR9-WK6_T1

Multiple Choice

There are 2 sectors within the economy.

• People and entrepreneurs

• Public and Private
• Agriculture and Industry

Multiple Choice

Who runs the public sector?

• Private companies
• Individual entrepreneurs
• government

Multiple Choice

In the UAE, we have public schools and private schools.

• True

• False

Multiple Choice

The public sector aim is to.......

• make profits

• Increase sales

• Attract investors

• Provide free services to the community

Multiple Choice

The private sector is owned by.....

• Government
• Individuals

• Charities

• Army

Multiple Choice

The main goal of the private sectorالقطاع الخاص is.......

• To make profit

• To provide public services
• To enforce laws
• To regulate economy

Multiple Choice

The legal structure of the business is important because it tells.......

• Who owns the business

• who works in the business

• what the business sells

• who are the customers.

Multiple Choice

unincorporated means unlimited liability.

• True

• False

Multiple Choice

Unlimited liability means the owner should pay all debts and might lose his assets.

• True

• False

Multiple Choice

Unlimited liability means the owner and the business are.....

• one entity

• separate entities

• different entities

Multiple Choice

Unlimited liability is not risky.

• True

• False

Multiple Choice

limited liability means the owner is not responsible for paying all debts.

• True

• False

Multiple Choice

Limited liability means the owner and the business are not one entity.

• True

• False

Multiple Choice

Limited liability is......

• risky

• not risky

• a problem