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Role of Business

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.
a)
Need
b)
Want
2.
a)
Need
b)
Want
3.
a)
Need
b)
Want
4.
a)
Need
b)
Want
5.
a)
Need
b)
Want
6.
a)
Need
b)
Want
7.
a)
Need
b)
Want
8.
a)
Need
b)
Want
9.
Good or a service? Buying a pair of new shoes
a)
good
b)
service
10.
A mechanic fixing your car is a good or a service?
a)
service
b)
good
11.
A taxi taking you to the airport is a good or a service?
a)
service
b)
good
12.
What is a service?
a)
going to church
b)
buying something
c)
an action that a person does for someone else
13.
A good is an object that someone wants or needs and that can be held or touched. True or false.
a)
true
b)
false
14.
If you buy your friend a cupcake are you giving them a good or providing a service?
a)
good
b)
service
15.
Which provides both goods and services?
a)
A babysitter
b)
A post office
c)
A bus driver
16.

Businesses that operate in the tertiary sector provide:

a)

Social services

b)

Natural resources

c)

Manufactured products

d)

Services

17.

An automotive business like Jaguar Land Rover operates mainly in the:

a)

Public sector

b)

Secondary sector

c)

Tertiary sector

d)

Primary sector

18.

Which of these is in the primary sector:

a)

Legal services

b)

Vehicle assembly

c)

Crop production

d)

Pharmaceutical research

19.

Businesses that convert natural resources into products are classified as:

a)

Service providers

b)

Social enterprises

c)

Manufacturers

d)

Primary producers

20.

Which one of these is not in the tertiary sector?

a)

Cement production

b)

Law & accountancy

c)

Online publishing

d)

Banking & insurance

21.

Land includes...

a)

The "gifts of nature" or natural resources not created by human effort.

b)

the tools, equipment, and factories used in production of goods and services

c)

people with all their efforts and abilities

d)

individuals who start a new business or bring a product to market.

22.

Capital refers to...

a)

The "gifts of nature" or natural resources not created by human effort.

b)

people with all their efforts and abilities

c)

the tools, equipment, and factories used in production of goods and services

d)

individuals who start a new business or bring a product to market.

23.

Labor refers to...

a)

people with all their efforts and abilities

b)

individuals who start a new business or bring a product to market.

c)

the tools, equipment, and factories used in production of goods and services.

d)

The "gifts of nature" or natural resources not created by human effort.

24.

Entrepreneurs are...

a)

people with all their efforts and abilities

b)

individuals who start a new business or bring a product to market.

c)

The "gifts of nature" or natural resources not created by human effort.

d)

the tools, equipment, and factories used in production of goods and services

25.
A herd of cattle is an example of ...
a)
Land
b)
Labor
c)
Entrepreneur
d)
Capital
26.
Forests are examples of...
a)
Land
b)
Labor
c)
Entrepreneurs
d)
Capital
27.
A bulldozer is an example of...
a)
Land
b)
Labor
c)
Entrepreneurs
d)
Capital
28.
Your garbage man is an example of
a)
Land
b)
Labor
c)
Entrepreneurs
d)
Capital
29.
The Chromebooks you are using are examples of
a)
Land
b)
Labor
c)
Entrepreneurs
d)
Capital
30.

Bill Gates is an example of...

a)

Land

b)

Labor

c)

An Entrepreneurs

d)

Capital