Chapter 4: Check for Understanding

If a business is owned either partially or fully by the government, which enterprise system is it?

• Public

• Private

If a business is owned by independent companies or individuals, which enterprise system is it?

• Public

• Private

The sector of businesses that provide services to the economy

• Primary

• Secondary

• Tertiary

The sector of business that deals with the extraction and production of raw materials and natural resources

• Primary

• Secondary

• Tertiary

The sector of business that utilizes materials produced to create and distribute goods to the consumer

• Primary

• Secondary

• Tertiary

Agriculture, fishing, and mining are examples of which sector?

• Primary

• Secondary

• Tertiary

Banking, healthcare, and restaurant service are all examples of which sector?

• Primary

• Secondary

• Tertiary

Construction companies and production factories are examples of which sector?

• Primary

• Secondary

• Tertiary

Products travel through the _______________ to get

from producer to consumer.

• Production line

• Distribution channel

• Intermediary circle

• NAICS

This type of categorization gives your business a numeric code based on your industry

• Enterprise systems

• NAICS

• Industry

• None of these