THE BIG BUSINESS QUIZ

How many factors of production are there?

• 3

• 7

• 6

• 4

Which of the following is NOT a factor of production?

• Sea

• Land

• Capital

• Labour

• Enterprise

Click on the sectors of industry.

• Primary, Secondary, Tertiary

• Private, Public, Third

Which sector of the economy do Sole Traders operate under?

• Public

• Third

• Private

Public Sector organisations are services and agencies run by the (a)   on our behalf.

T or F? Third sector organisations exist to make a profit.

• True

• False

Answer explanation

False - they exist to support a cause or aim.

A partnership is owned and controlled by...

• 1-50 partners

• 2-20 partners

• 2-100 partners

Which one of the following would NOT be an objective of a third sector organisation?

• To raise awareness of their cause

• To open more branches

• To increase market share

True or False - Recession is an example of an economic factor.

• True

• False

T in PESTEC stands for

• Technology

• Technological

• Technical

• Technologically