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Business Studies Ch 1 & 2 Recap

Total questions: 25

Worksheet time: 18mins

Name
Class
Date
1.

which sector of the economy removes or harvest products directly from the earth in order to extract raw materials or food?

a)

secondary

b)

primary

c)

tertiary

d)

linear

2.

Which 3 job describes tertiary sector?

a)

banker, teachers, doctor

b)

glass blower, carpenter, steel making

c)

fishing, hunting, farming

3.

agriculture would be an example of

a)

secondary sector

b)

tertiary sector

c)

primary sector

4.

What are the 4 factors of production?

a)

land,milk,ocean,forest

b)

Forest,Ocean,Land,Capital

c)

Capital,Enterprise,Land,Labor

5.

To make bread from wheat is...

a)

primary sector

b)

secondary sector

c)

tertiary sector

6.

these are activities in the primary sector

a)

Eggs, milk and meat

b)

Farming, livestock and silviculture.

c)

Farming, mining and manufacture products.

7.

Insurance is an example of

a)

primary sector

b)

tertiary sector

c)

agriculture

8.

How many economic sectors are there?

a)

3

b)

4

c)

5

9.

This image represents which economic sector?

a)

Primary Sector

b)

Tertiary Sector

c)

Secondary Sector

d)

Quaternary Sector

10.

This image represents which economic sector?

a)

Tertiary Sector

b)

Primary Sector

c)

Secondary Sector

d)

Quaternary Sector

11.

This image represents which economic sector?

a)

Primary Sector

b)

Secondary Sector

c)

Quinary Sector

d)

Tertiary Sector

12.

Wants: desires for goods, services, feelings, and other things we would like to have but do not need. ( Secondary Needs)

a)

True

b)

False

c)

Maybe

13.

Any activity connected with money earning and money-spending is called an economic activity.

a)

True

b)

False

c)

Maybe

14.

Explain the chain of production.

a)

An assortment strategy in retailing involves the number and type of products that stores display for purchase by consumers.

b)

The different stages of making, distributing and selling a good or service from the initial production of parts, through to the final product through to distribution and sale of the product.

c)

The action of making or manufacturing from components or raw materials, or the process of being so manufactured.

d)

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output).

15.

All human effort that assists in production is .....................

a)

Mental Capacity

b)

entrepreneur

c)

Land

d)

Labor

16.

.......................... is a person who brings other factors of production in one place. He uses them for the production process. He is the person who decides

a)

A producer.

b)

A Salesman.

c)

An entrepreneur.

d)

Capital.

17.

Jim maintains his family by using his private vehicle for hire.

a)

private

b)

public

18.

Mary goes to Florida every three month to shop. On her return she sells her goods in the vendors' mall.

a)

private

b)

public

19.

State Co. is a company of which the government has 60% ownership; it supplies water to an Asian country.

a)

Private

b)

Public

20.

Agri. co., an agricultural company that grants loans to farmers, is controlled by the state.

a)

private

b)

public

21.

What is a cats favourite colour ???

a)

piiii-nk

b)

purrr-ple

c)

bllll-ue

22.

What do you call a duck that steals ???

a)

a robber duck

b)

a stealer

c)

a duck that steals

23.
What do you call a sleeping dinosaur?
a)
A sleepasaur
b)
Snoralax
c)
Niterex
d)
A dino-snore
24.

What did the left eye say to the right eye?

a)

Between us, something smells like diarrhea!

b)

Between us, something sicks

c)

Between us, something I am hunger!

d)

Between us, something smells!

25.

Why did the student eat his/her homework?

a)

Because teacher told him/her it was a none homework!

b)

Because teacher told him/her it was a piece of candy.

c)

Because teacher told him/her it was a piece of cake!

d)

Because teacher told him/her it was lomond pines.