Understanding business activity

Quiz
•
Business
•
10th Grade
•
Medium
Used 1K+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Businesses including farming, fishing, forestry & the extraction of natural resources e.g. oil, minerals etc.
Tertiary Sector
Primary Sector
Secondary Sector
The economic problem
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Land, labour, capital and enterprise are collectively known as
Goods and services
Business cycle
Factors of production
Output
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Organisations run by central or local government are often referred to as
Private sector
Voluntary sector
Public sector
Mixed economy
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is the best definition of the ‘economic problem’?
People do not have enough money.
There are not enough resources to satisfy people’s wants.
There are too many factors of production.
The amount of something produced by a person, machine or industry.
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a factor ofproduction?
oil reserves
factory buildings
skilled labour
a play station
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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