N5 Understanding Business

N5 Understanding Business

University

25 Qs

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N5 Understanding Business

N5 Understanding Business

Assessment

Quiz

Business

University

Medium

Created by

Christopher Nairn

Used 36+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The Factors of Production are

Capital, Enterprise, Land and Labour

Primary, Secondary and Tertiary

Political, Economic, Social

Private, Public and Third

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A durable good can be used more than once

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The Sectors of Industry are

Private, Public and Third

Capital, Enterprise, Land and Labour

Primary, Secondary and Tertiary

Political, Economic, Social, Technological, Environmental and Competitive

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The Sectors of the Economy are

Primary, Secondary, Tertiary

Capital, Enterprise, Land & Labour

Private, Public & Third

5.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

What are the consequences of poor customer service?

Bad reputation

Customers will not return

Sales will increase

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A Sole Trader is in which Sector of the Economy?

Public

Private

Third

Primary

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A sole Trader has

Limited Liability

Unlimited Liability

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