WorksheetsClassification of Businesses
Total questions: 20
Worksheet time: 37mins
What is true about businesses in the public sector?
They are owned and controlled by a private individual
They are owned by the government but run by private individuals
They are owned and controlled by the government only
They have mixed ownership and control between the government and private individuals
What is the main focus of businesses in the primary sector?
Manufacturing products
Extracting natural resources from the Earth
Providing services
Technology and research
Which sector of the economy is known as the service sector?
Tertiary sector
Secondary sector
Primary sector
None of the above
Which of the below are examples of a secondary sector business?
Logging
Insurance company
Extraction on oil
The building of a hospital
A hotel is an example of a business in which sector?
Primary sector
Secondary sector
Tertiary sector
Don't know
Businesses in the private sector are owned and controlled by private individuals.
True
False
The more developed a country is, the more focused it is on which sector?
Primary sector
Secondary Sector
Tertiary sector
Don't know
The poorer a country, the more focused it is on which sector?
Primary sector
Secondary sector
Tertiary sector
Don't know
What is (are) the reason (s) why the business sectors importance would change?
Sources of primary products like oil
and gas become depleted
As wealth and standards of living
increase, people spend so much
more on services like travel and
restaurants etc...
Developed countries are losing
competitiveness in manufacturing to
newly industrialized countries like Brazil & China
All of the above
A country having both a private and a public sector is said to a ________ economy.
Command economy
Mixed economy
Free economy
Private and public sector economy
The transfer of a business or industry from public to private ownership and control is called 'privatisation'.
True
False
Which economic sector is providing more efficient products and services (better quality)?
Private sector
Public sector
Mixed sector
None of the above
Which of the below are generally provided by the public sector of a country?
Public transportation
Electricity
Government schools
All of the above
Aria and Evelyn are all partners of a Chinese restaurant that they are running.
Which sector do businesses like Aria, and Evelyn work in?
Private sector
Public sector
None of the above
Don't know
Which sector mainly focuses on serving their community and society?
Private sector
Public sector
Private public sector
None of the above
Which one of the below business activities is not part of the 'tertiary' sector?
Hospital
Mining
Hotel
School
Grace, Abigail, and Hannah are working on a project to identify the business sector of a company that manufactures paper clips and other office supplies.
Which business sector does the company belong to?
Primary sector
Secondary sector
Tertiary sector
Private sector
Why do you think the government should be in control of electricity supply in a country?
To ensure it is provided to all citizens and residents of that country free of charge or affordable to all
Because the government is better in running businesses
Both answers are correct
What is the process of taking raw materials and natural resources and turning them into manufactured/processed goods called?
Primary sector
Secondary sector
Tertiary sector
Don't know
The relative importance of economic sectors in a country can be measured according to the number of people employed in that sector
True
False
