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WorksheetsSectors of Economy
Total questions: 18
Worksheet time: 9mins
How many sectors of economy are there?
3
4
2
Pick the three sectors of economy...
Private
Public
Third
Secondary
A sole trader operates in the...
Public sector
Private sector
Third sector
The private sector is funded by tax
True
False
What sector does Starbucks operate in?
Private
Public
Third
Iain Buchanan Orthodontist Practice is in what sector?
Private
Public
Third
What sector does the Big Issue operate in?
Private
Public
Third
Unlimited liability affects what two types of businesses?
Sole traders
Partnerships
Private limited companies
Public limited companies
A private limited company is run by what...
A board of directors
Shareholders
The owner
The employees
What sector of economy does this fall under?
Private
Public
Third
They transport blood to different hospitals all over the UK. What sector of economy do they belong to?
Private
Public
Third
Pick the advantages of a sole trader is...
Decisions can be made quickly.
The sole trader keeps all of the profit made.
Can share the workload and responsibility.
Has to sign a large amount of legal documents.
A partnership has...
2-20 partners
2-16 partners
2-22 partners
2-18 partners
Who pays taxes to fund the public sector? Pick 2
The government
Businesses
Individuals
The public sector aims to make good use of taxpayers’ money and provide the services needed.
True
False
What sector of economy does Nando's belong to?
Private
Public
Third
What does a private limited company aim to do?
Maximise profits
To promote awareness of “good causes”
This organisation comes under what sector of industry?
Private
Public
Third
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