Chapter 2 Classification of Businesses

Chapter 2 Classification of Businesses

11th Grade

15 Qs

quiz-placeholder

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Chapter 2 Classification of Businesses

Chapter 2 Classification of Businesses

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Florand Jacob

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the primary sector of industry do?

Manufactures goods using raw materials

Provides services to consumers

Extracts and uses natural resources

Distributes products to retailers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector of industry manufactures goods using raw materials provided by the primary sector?

Primary sector

Secondary sector

Tertiary sector

Quaternary sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main function of the tertiary sector of industry?

Extracts natural resources

Manufactures goods

Provides services

Conducts research and development

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is de-industrialisation?

Increase in the importance of the primary sector

Decline in the importance of the secondary sector

Growth of the tertiary sector

Expansion of the manufacturing industry

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What characterizes a mixed economy?

Only a private sector

Only a public sector

Both a private and a public sector

No government intervention

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "capital" refer to in business?

The profit made by a business

The money invested into a business by the owners

The revenue generated by sales

The expenses incurred by a business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the difference between primary, secondary and tertiary.

The Primary Sector is that part of the economy trees are drawn as raw

materials.

Tertiary sector is when services are rendered.

Secondary sector is the sector where the raw materials are manufactured

All the above

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