Role of Business in Society HBM

What are the four factors of production?

• Primary, Secondary, Tertiary, Quaternary
• Private, Public, Third
• Land, Labour,Capital,Enterprise
• All of the above

Define 'land' in the 4 factors of production.

• The skill used by human resources
• The idea of the entrepreneur
• The extraction of raw materials used by a business
• The assets of a business

What is the reward for enterprise?

• Profit
• Interest
• Rent
• Wages

What are the sectors of Industry?

• Land, Labour, Capital, Enterprise
• Primary, Secondary, Tertiary, Quaternary
• Private, Public, Third
• All of the above

Which sector of industry can be defined as  the support sector. It is knowledge based and provides information services.

• Primary
• Secondary
• Tertiary
• Quaternary

Which sector of industry is involved the production process?

• Primary
• Secondary
• Tertiary
• Quaternary

What are the sectors of economy?

• Land Labour Capital Enterprise
• Private, Public, Third
• Primary, Secondary, Tertiary, Quaternary

Which sector of the economy is owned by individuals, is financed and is controlled by its owners.

• Private
• Public
• Third

What is the main objective for organisations in the Private Sector?

• To provide high quality service
• To raise awareness of a cause
• To maximise profits

What is the Public Sector?

• owned by the government on behalf of taxpayers, it is financed by taxes and is controlled by government 
• owned by individuals, it is financed and controlled by its owners
• owned by no-one, it is funded through donations and grants, it is controlled by appointed managers.