
N5 Understanding Business
Authored by Christopher Nairn
Business
University
Used 37+ times

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25 questions
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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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