Purpose of Business Reading

What is one reason an entrepreneur might start a business?

• To produce a good

• To travel the world

• To learn a new language

• To relax and take a break

Which of the following is an example of a service?

• A computer

• A hairdressing appointment

• A car

• A piece of clothing

What is included in the 'land' factor of production?

• Natural resources like gas and oil

• The staff needed by the business

• The machinery and equipment

• The entrepreneur's risk-taking ability

Which sector is responsible for manufacturing goods?

• Primary Sector

• Secondary Sector

• Tertiary Sector

• Quaternary Sector

What characteristic is essential for an entrepreneur to be successful?

• Hardworking

• Laziness

• Indecisiveness

• Fearfulness

What is a financial objective for an entrepreneur?

• Making a profit

• Personal satisfaction

• Independence

• Following a hobby