N5 BM Business Sectors and Factors of Production

N5 BM Business Sectors and Factors of Production

10th - 11th Grade

20 Qs

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N5 BM Business Sectors and Factors of Production

N5 BM Business Sectors and Factors of Production

Assessment

Quiz

Business

10th - 11th Grade

Medium

Created by

Shirley Kerr

Used 28+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oxfam is a charity that operates in the Third Sector. Identify 2 other Sectors of Economy.

Primary and Secondary

Primary and Tertiary

Private and Public

Private and Third

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Give a description of the Private Sector.

Owned by the government on behalf of the taxpayer.

Owned by private individuals who aim to make a profit.

Owned and regulated by the government and aim to raise funds and awareness

Owned by a sole trader

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enterprise is a Factor of Production. Identify the other Factors of Production.

Land, Labour and Country

Primary, Secondary and Tertiary

Private, Public and Third

Land, Labour and Capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many factors of production are there?

1

2

3

4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many sectors of industry are there?

1

2

3

4

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many sectors of the economy are there?

1

2

3

4

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Match the factor to the example - mining

land

labour

capital

enterprise

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