Diagnostic Test-Business Studies-Grade 9

What is the first stage of business activity?

• Primary
• Secondary
• Tertiary

Which of the following is an example of TERTIARY business activity?

• Schools
• Farmers
• Fishermen
• Factories

At which stage of business activity is wood made into tables?

• Primary
• Secondary
• Tertiary

True or False: services a tertiary business activity.

• True
• False

Land, labour, capital and enterprise are collectively known as

• Goods and services

• Business cycle

• Factors of production

• Output

Organisations run by central or local government are often referred to as

• Private sector

• Voluntary sector

• Public sector

• Mixed economy

Which of these is the best definition of the ‘economic problem’?

• People do not have enough money.

• There are not enough resources to satisfy people’s wants.

• There are too many factors of production.

• The amount of something produced by a person, machine or industry.

Which of the following is NOT a factor ofproduction?

• oil reserves

• factory buildings

• skilled labour

• a play station

Division of labour can be defined as:

• Workers specialise on just one task and become better at it.
• Workers become specialist in all jobs.
• All firms only have one worker
• No workers are employed as machines always do all the work.

Which of the following is NOT one of the benefits of business growth?

• Sales will increase.
• Market share will probably rise.
• The business will probably become more secure.
• Management will have less work to do.