AS Level Business

Business activity is classified into four sectors. What are they?

• Primary, Secondary, Tertiary and Charity

• Primary, Secondary, Charity and Corporate

• Primary, Secondary, Tertiary and Quaternary

• Primary, Corporate and Tertiary

Which of the following businesses would be classified as part of the Tertiary sector?

• Insurance

• Manufacturing

• Mining

• All of the above

An individual who has the idea for a new business, starts it up and carries most of the risk is known as?

• Customer

• Investor

• Entrepreneur

• Enterprise

The sectors (primary, secondary and tertiary) are interdependent. What does this mean?

• They are not connected

• Only small businesses can operate in all three sectors

• They rely on each other

• Only large businesses can operate in all three sectors

Which if the following resources are needed by businesses?

• Capital

• Labour

• Land

• All of them

The physical goods used by industry to aid the production of goods and services is known as?

• Consumer goods

• Capital goods

• Raw materials

• None of the options

Why do some businesses succeed?

• Poor customer service

• Inefficient management

• They are unable to adapt to new situations

• They have sufficient sources of finance

Why do some businesses fail?

• Poor record-keeping

• Cash surplus

• Advanced management skills

• None of the options

What do you call a business organisation that has its headquarters in one country, but with factories in other countries?

• Sole trader

• Multinational company

• Partnership

• Private Limited Company

What is an example of a public corporation?

• Tencent

• BYD

• Shenzhen Metro

• Alibaba