WorksheetsThe Economy
Total questions: 25
Worksheet time: 25mins
This sector includes activities that obtain resources and raw materials directly from nature.
Primary
Secondary
Tertiary
None of the options
_________ is all the activities involved in producing, selling, and buying the products and services we require for our basic needs.
Company
Economy
Trade
Advertising
The following processes make up economic activity, EXCEPT:
Production
Distribution
Donation
Consumption
This economic activity includes all the activities needed to make a product or provide a service
Production
Distribution
Donation
Consumption
True or False: Distribution includes buying and selling of a product or service to the customers
TRUE
FALSE
Consumption includes buying and ________ of a product or service to the customers
distributing
provisioning
selling
transporting
________ is an organization that offers products or services to customers in exchange for making a profit.
Media
Government
Company
School
True or False: Profit is a financial LOSS
TRUE
FALSE
To carry out economic activity, companies need the following resources, EXCEPT:
Human Resources
Material Resources
Finnancial Resources
Financial Resources
Mining companies belong to which sector?
Primary
Secondary
Tertiary
Small Company
The food industry belongs to which sector?
Primary
Secondary
Tertiary
None of the options
A furniture company belongs to which sector?
Primary
Secondary
Tertiary
None of the options
True or False: in the tertiary sector, companies provide services e.g. a restaurant, a shop.
TRUE
FALSE
Not Sure/ I Dont Know
How many employees do small companies have?
Between 50 to 100
Less than 50
250 or more
Between 75 to 100
________ companies have more than 250 employees
Small
Medium
Large
Retail store
Which department employs and manages the company's employees
Purchases
Production
Human Resources
Marketing
This department creates advertising for products and services of the company
Purchases
Production
Accounts
Marketing
True or False: Advertising is giving people information about a product or a service using advertisements; advertisements are special messages.
TRUE
FALSE
This advertising technique associates the product with a famous person (e.g. Rosalia) or a well-known song (mercadona song)
Repetition
Exaggeration
Association
Promotions
When you go to ALDI and you notice products with special discounts, this advertising technique is called:
Repetition
Exaggeration
Association
Promotions
TRUE or FALSE: Money has existed since the beginning of time.
TRUE
FALSE
The money that we earn is called:
Credit
Barter
Payment
Income
_______ is a plan for spending income.
Barter
Payment
Budget
Expenses
The money that we keep for the future is called?
Barter
Expenses
Savings
Budget
After 5 years of working for Bankia, Jose decided to open a restaurant business. This action is called:
Bartering
Budgeting
Saving
Investing
