Roles Of Business In Society

Which sector of the economy is owned and controlled by the government?

• Public

• Private

• Second

• Third

In which sector of the economy would a supermarket business operate?

• Public

• Private

• Second

• Third

Which business is an example of a public sector organisation?

• Supermarket

• Charity Shop

• NHS

• MacDonalds

Which sector of industry is concerned with extracting raw materials from the land?

• Primary

• Secondary

• Tertiary

Which sector of industry manufactures products?

• Primary

• Secondary

• Tertiary

• Quaternary

Which sector of the economy has the main aim of making a profit?

• Public

• Private

• Primary

• Secondary

In which sector of industry would a hairdresser operate?

• Primary

• Secondary

• Tertiary

• Public

_____________ liability means that the owner of an enterprise is liable (responsible) for the debts of their business. If the enterprise is unable to pay its debts, the owner may lose their home and personal possessions to cover the debt

• Limited

• Unlimited

_________ liability is when the owner of an enterprise is not personally liable (responsible) for the debts of the enterprise.

• Unlimited

• Limited

What is the acronym often found after a companies name if it is a private limited company?

• PLC

• LTD.

• TM

• CR