WorksheetsClassifying Businesses
Total questions: 20
Worksheet time: 10mins
What is the main characteristic of a micro business?
It operates in multiple countries
It has fewer than 5 employees
It is listed on the stock exchange
It requires a government license to operate
Which of the following is an example of a transnational corporation (TNC)?
A single bakery in a small town
A national supermarket chain
A fast-food company with restaurants in multiple countries
A government-owned postal service
A business that extracts raw materials from the earth belongs to which industry sector?
Secondary
Tertiary
Primary
Quaternary
Which of the following businesses operates at a national level?
A local plumber working in one suburb
A company that has stores across Australia but not overseas
A technology business that exports software to Europe
A small family-owned café in one city
What is the key difference between a private company and a public company?
A private company only sells food products
A public company allows the general public to buy shares
A private company must have more than 200 employees
A public company cannot operate in multiple countries
Which type of business structure is owned and operated by one person?
Sole trader
Partnership
Public company
Government enterprise
A business that provides IT consultancy services belongs to which industry sector?
Primary
Quaternary
Secondary
Tertiary
Which of the following is an example of a quinary industry business?
A coal mining company
A company that manufactures cars
A business that provides home-cleaning services
A restaurant chain
A legal firm is owned by five partners who share profits and responsibilities. What legal structure does it have?
Sole trader
Partnership
Private company
Government enterprise
Which of the following businesses would NOT be classified as part of the secondary industry?
A factory that produces clothing
A company that builds houses
A restaurant that serves meals to customers
A business that manufactures paper from raw wood
What is one advantage of a public company over a private company?
It is easier to manage because there are fewer shareholders
It can raise more capital by selling shares to the public
It avoids government regulations
It does not have to pay taxes
A local butcher shop with eight employees is best classified as a:
Micro business
Small business
Medium business
Large business
Which of the following is an example of a government enterprise?
A privately owned hospital
A company listed on the stock exchange
Australia Post
A small family-run bookstore
A business that operates in both Sydney and Melbourne, but not overseas, is classified as:
Local
National
Global
Transnational
What type of business is most likely to be involved in both the primary and secondary industry sectors?
A farm that grows wheat and also produces flour
A lawyer’s office
A hotel chain
A private school
Which of the following businesses would belong to the tertiary industry?
An oil drilling company
A company that builds furniture
A retail store that sells clothing
A business that designs software programs
Which of the following is a characteristic of a sole trader?
The business has shareholders who buy and sell shares
The business has limited liability
The business is owned and operated by one person
The business is owned by the government
Which type of business structure must have ‘Ltd’ in its name?
Sole trader
Private company
Public company
Partnership
A business that provides investment advice and data analysis services belongs to which industry sector?
Primary
Secondary
Quaternary
Quinary
A business that has 350 employees and sells products worldwide would be classified as:
A small business and a local business
A medium business and a national business
A large business and a global business
A micro business and a private company
