Business Studies Quiz

What is an economy?

• The study of business activities.

• The value of finished goods and services in a country.

• Measure of all the wealth and resources in your country.

• The process of extracting natural resources.

What does GDP stand for?

• Governmental Data Protocol

• Gross Domestic Product

• Global Development Plan

• General Distribution Process

Which sector involves the extraction of natural resources?

• Primary sector

• Quaternary sector

• Secondary sector

• Tertiary sector

Which sector processes and manufactures goods from natural resources?

• Secondary sector

• Quaternary sector

• Tertiary sector

• Primary sector

Which sector supplies services to consumers and other businesses?

• Secondary sector

• Primary sector

• Tertiary sector

• Quaternary sector

What is the main type of organisations found in a mixed economy?

• Corporate and small business sectors

• Industrial and agricultural sectors

• Government and non-profit sectors

• Private and public sectors

Who owns and controls businesses in the private sector?

• International organizations

• The government

• Non-profit organizations

• Individuals or groups of individuals

Which sector focuses on providing quality service rather than making a profit?

• Quaternary sector

• Public sector

• Private sector

• Tertiary sector

What is the chain of production?

• The sequence of steps involved in the creation of a product

• The financial analysis of a company

• The distribution of goods to consumers

• The marketing strategy of a business

What indicates if a country is developing or developed?

• The population density of the country

• The political stability of the country

• The size of a country's different sectors of business activity

• The number of natural resources in the country