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Sectors of Economy

Total questions: 13

Worksheet time: 8mins

Name
Class
Date
1.

The 3 Sectors of Economy are?

a)

Public Sector

b)

Private Sector

c)

Third Sector

d)

Economic Sector

2.

True or False. A partnership is a type of business in the private sector.

a)

True

b)

False

3.

A Sole Trader is owned by

a)

Shareholders

b)

2 to 20 partners

c)

One person

4.

Charities are organizations working in the...

a)

Third Sector

b)

Private Sector

c)

Public Sector

5.

Apple is a Public Limited Company (PLC) controlled by a

(a)  

6.

What am I? I am a Private Sector organisation, owned by shareholders, I sell shares on the Stock Market to the public and I am managed by a Board of Directors.

a)

Private Limited Company

b)

Public Limited Company

c)

Partnership

d)

Franchise

7.

A lawyer's firm is an example of what type of organization?

a)

Public Sector

b)

Partnership

c)

Third Sector

d)

Private Limited Company

8.

The NHS is an example of what type of organization?

a)

Third Sector

b)

Public Sector

c)

Public Limited Company

d)

Private Sector

9.

What are the features of a Private Limited Company?

a)

Owned by Shareholders

b)

Financed by selling shares in the company

c)

Financed by selling shares to the public on the Stock Market

d)

Controlled by a Director or Board of Directors

10.

A sole trader gets to keep any profits made for themselves

a)

True

b)

False

11.

How many People can be in a Partnership?

a)

Unlimited

b)

2 only

c)

Between 2 & 20

d)

Between 2 & 10

12.

The shareholders elect a Board of Directors to run a Private Limited Company

a)

True

b)

False

13.

The public sector is owned and controlled by the Government?

a)

True

b)

False