S4 Understanding Business Quiz

A non durable good can be used more than once. 

• True
• False

How many factors of production are there?

• 3
• 6
• 2
• 4

The factors of production are . . . 

• Capital, Entrepreneur, Land & Labour
• Capital, Economics, Land & Labour
• Capital, Enterprise, Land & Labour
• Capital, Enterprise, Logos & Labour

How many Sectors of Industry are there?

• 3
• 4
• 2
• 5

The Sectors of Industry are . . .

• First, Second & Third
• Primary, Secondary & Third
• Primary, Secondary & Tertiary
• First, Secondary & Tertiary

Businesses in the secondary sector provide a service.

• True
• False

How many sectors of the economy are there?

• 1
• 4
• 2
• 3

The Sectors of the Economy are . . . 

• Private, Secondary, Third
• First, Second, Third
• Private, Public, Third

Which Sector of the Economy would Sole traders, Partnerships & Private Limited Companies be found in?

• Private
• Public
• Third

Shares for a Private Limited Company are sold on the stock exchange

• True
• False