IGCSE Business 1 ELS

Which business sector deals with raw material and natural resources?

• primary

• secondary

• tertiary

• all of the above

cutting down of trees is an example of

• tertiary

• secondary

• quaternary

• none of the above

primary sector is mostly to be in

• townships

• urban areas

• rural areas

• all of the above

extraction of natural resources moves to

• tertiary

• developed countries

• secondary sector

• none of the above

A change in the foreign exchange policy of the country would take place in the ____________________ environment.

• A micro

• B macro

• C market

• D business

Which one of these is a factor of production?

• A Inflation

• B Profit

• C Machinery

• D Demand

Which of the following can be considered as aims of business activity?

• A Political reasons, provision of goods, payment of taxes

• B Providing services, damaging the environment, exploiting workers

• C Profits for the owner, satisfaction of consumers’ wants, social goals

• D Satisfying all the levels of management, to control the market environment

For which factor of production is the rate of interest the reward?

• A Natural resource

• B Entrepreneur

• C Labour

• D Capital

A form of business where the owners of the company are referred to as shareholders.

• Sole Proprietorship

• Partnership

• Public Company

• Cooperative

A legal agreement

• Franchisee
• Franchise
• Franchisor
• Initial franchise fee