Grade 9 TEST 1 BUSINESS STUDIES

A need is defined as good or service that we can live without.

• True

• False

Identify the following object as a need or a want

• Need

• Want

Identify the following object as a need or a want

• Need

• Want

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.

Which of the following is NOT a factor ofproduction?

• oil reserves
• factory buildings
• skilled labour
• music CDs

Division of labour can be defined as:

• Workers specialise on just one task and become better at it.
• Workers become specialist in all jobs.
• All firms only have one worker
• No workers are employed as machines always do all the work.

What is the second stage of business activity?

• Primary
• Secondary
• Tertiary

What is the first stage of business activity?

• Primary
• Secondary
• Tertiary

What is the third stage of business activity?

• Primary
• Secondary
• Tertiary

Which of the following is an example of SECONDARY business activity?

• School
• Factories
• Shops
• Farmers