7 Business Revision Quiz

What is a producer? (select the best answer)

• Producers are someone who produces

• Producers are individuals and businesses

  involved in the production of goods and services

• Producers are individuals who buy things

• Producers are makers

What is a consumer?

• A consumer is someone who produces something

• A consumer is someonewho eats a product

• A consumer is a person who purchases goods and services for personal use from a producer

• A consumer is someone who consumes a lot

What is the relationship between consumers and producers?

• Consumers are more important

• They are interdependent

• They are independent

• They have nothing to do with each other

What is the difference between a need and a want?

• A need is something you desire and a want is something you have to buy to survive

• A need is something people save for and a want is something they buy now

• A need is something you like and a want is something you like even more

• A need is something that is essential for survival, while a want is something that brings a plus to our life or fulfills our desires

Which of these is NOT a 21st century entrepreneur skill?

• Communication

• Problem solving

• Creativity

• Producing arguments

Which is NOT a type of employment?

• Full time

• Part time

• Partial time

• Casual

What is an entrepreneur?

• An entrepreneur is someone who entertains people

• An entrepreneur is someone who buys lots of businesses

• An entrepreneur is someone who sees an opportunity and then creates a new business

• An entrepreneur is rich

Which of these is NOT a Global Goal?

• No poverty

• Gender equality

• More buildings

• Clean water and sanitation

What is a primary producer?

• Someone who creates primary school resources

• Produces raw materials e.g. corn

• Produces goods from raw materials

• Produces products

What is a secondary producer?

• Transforms raw materials into goods e.g. steel into cars

• Transforms goods into money

• Transforms raw materials into another raw object

• Transforms goods into raw materials