NEW
Font size
S
M
L
XL
WorksheetsIGCSE Chapter 2 & 3 - Review
Total questions: 20
Worksheet time: 7mins
Name
Class
Date
1.
1. Which sector extracts natural resources like farming or mining?
a)
Primary sector
b)
Secondary sector
c)
Tertiary sector
d)
Public sector
2.
2. What is the secondary sector involved in?
a)
Providing services
b)
Producing raw materials
c)
Manufacturing goods
d)
Selling products
3.
3. What type of sector provides services to consumers and businesses?
a)
Primary sector
b)
Secondary sector
c)
Tertiary sector
d)
Public sector
4.
4. In a mixed economy, which sectors exist?
a)
Only private sector
b)
Only public sector
c)
Both public and private sectors
d)
Only government-controlled businesses
5.
5. What is the main focus of a private sector business?
a)
Providing free services
b)
Earning profit
c)
Controlling the economy
d)
Collecting taxes
6.
6. Which of the following is a public sector business?
a)
Fast food chain
b)
Bank
c)
National hospital
d)
Car manufacturing company
7.
7. What does de-industrialisation mean?
a)
Growth of the primary sector
b)
Decline in the importance of the secondary sector
c)
Increase in service sector jobs
d)
Closing all factories
8.
8. Which term refers to the process of developing industries in a country?
a)
Specialisation
b)
Industrialisation
c)
De-industrialisation
d)
Chain of production
9.
9. What is the "chain of production"?
a)
Different levels of services provided
b)
Process of adding value at each stage
c)
Stages from raw materials to finished goods
d)
Cost of making a product
10.
10. Who is an entrepreneur?
a)
Someone who works in a factory
b)
Someone who owns government businesses
c)
Someone who starts and manages a business
d)
Someone who works in public sector
11.
11. What is a business start-up?
a)
A new business
b)
A growing business
c)
A failed business
d)
A business that sells old products
12.
12. What is a business plan used for?
a)
For running a government office
b)
To apply for business loans
c)
For employee recruitment
d)
For paying taxes
13.
13. What does "capital employed" mean?
a)
The total value of raw materials
b)
The total value of machines and buildings
c)
The total value of investment in the business
d)
The total number of workers
14.
14. What is internal growth?
a)
Buying other businesses
b)
Expanding by using own resources
c)
Merging with a competitor
d)
Taking over a smaller business
15.
15. What is external growth?
a)
Expanding by opening new branches
b)
Hiring more workers
c)
Growing by merging or taking over another business
d)
Increasing output without merging
16.
16. What is a takeover?
a)
A government takeover
b)
One business buying another business
c)
A business hiring a manager
d)
When a business sells its assets
17.
17. What is horizontal integration?
a)
A business merging with a supplier
b)
A business merging with a competitor
c)
A business expanding its own products
d)
A business buying machines
18.
18. What is vertical integration?
a)
Merging with a competitor
b)
Merging with a business in a different industry
c)
Merging with a business at a different production stage
d)
Merging with a foreign business
19.
19. What is a reason for business failure?
a)
Too much cash flow
b)
Lack of management skills
c)
High demand for products
d)
Strong competition
20.
20. What does conglomerate integration involve?
a)
Merging with a business in the same industry
b)
Merging with a business in a different industry
c)
Merging with a supplier
d)
Merging with a customer
Reset
