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WorksheetsNature of business activity
Total questions: 21
Worksheet time: 11mins
...…………….. industries provide support services to primary & secondary industries.
(a)
...…………...….. is the primary objective of business
(a)
Fishing is what type of industry?
Primary
Secondary
Tertiary
commercial
A business is:
any activity undertaken by people
only motivated by maximising profit
the organised effort of individuals to produce and sell, for a profit, goods and services
none of the above
The person who risks his or her time, energy and money to start a business is called:
an employer
an entrepreneur
an innovator
a financier
An example of a secondary industry is:
Plastics Manufacturing Ltd
Zenon Mining
Canberra Legal Centre
Heritage Motel
Making a product or providing a service.
business
marketing
industry
production
Which is a disadvantage of 'division of labour'?
workers and trained in one task & specialised in this, increasing efficiency.
Quicker & cheaper to train workers as fewer skills need to be taught.
Workers can become bored from doing just one job - efficiency might fall.
Less time is wasted moving from one workbech to another.
What is 'added value'?
is the next best alternative given up by choosing another item.
is the difference between the selling price of a product and the cost of bought-in materials and components.
It's a good or service essential for living.
is the lack of sufficient products to fulfil the total wants of the population.
Which is a need?
Pop
Coffee
Water
Gatorade
Someone who buys goods or services is called a ____________________
producer
consumer
customer
owner
Air, shelter, and food are all examples of ______________
needs
wants
The best definition of a need is...
something essential for life that you must have to survive
something not essential for life that you do not have to have to survive
