business English

How many economic sectors are there?

• 1

• 2

• 3

• 4

3 types of tertiary jobs

• banker,teachers,doctor

• doctor,teacher,steel making

• fishing,hunting,astronaut

which sector of the economy removes or harvest products directly from the earth in order to extract raw materials or food?

• secondary

• primary

• tertiary

• linear

SOMEONE that buys or uses goods & services is called a____.

• consumer

• producer

• want

• need

When two or more people come together to share resources and responsibility over a business, it is referred to as a

• nonprofit

• sole proprietorship

• partnership

• corporation

A corporation can be best described as

• a business owned by stockholders, who own the rights to the company’s profits

• a business set up to provide a benefit to society

• a business co-owned by two or more partners who agree how to run it and share the profits or losses

• a business organization owned and controlled by one person

Someone who takes a risk to start a business is called a(n)

• Employee

• Entrepreneur

• Employer

The sectors are classified into public and private sector on the basis of:

• (a) Employment conditions

• (b) The nature of economic activities

• (c) Number of workers employed

• (d) Ownership of enterprises

If you ________ a lof of your product, your _________ are very good

• sales - sell

• sell - sales

Coca cola's main ______________ is Pepsi

• competitor

• subsidiary

• employee