
Chapter 2 Classification of Businesses
Authored by Florand Jacob
Business
11th Grade
Used 7+ times

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15 questions
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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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