Business and its environment Quiz chapter 2 - AS

Business and its environment Quiz chapter 2 - AS

12th Grade

15 Qs

quiz-placeholder

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Business and its environment Quiz chapter 2 - AS

Business and its environment Quiz chapter 2 - AS

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Shruthe S

Used 3+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector involves extractive industries such as mining, farming, forestry, and fishing?

Primary sector

Secondary sector

Tertiary sector

Public sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector represents manufacturing and construction industries?

Primary sector

Secondary sector

Tertiary sector

Public sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector represents the service sector?

Primary sector

Secondary sector

Tertiary sector

Public sector

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector can have social objectives and provide non-profit making services?

Primary sector

Secondary sector

Tertiary sector

Public sector

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when a government takes ownership of a business from the private sector into the public sector?

Nationalisation

Privatisation

Merit goods

Unlimited liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when a government transfers ownership of a business from the public sector to the private sector?

Nationalisation

Privatisation

Merit goods

Unlimited liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are goods or services such as education and health that private individuals undervalue called?

Nationalisation

Privatisation

Merit goods

Unlimited liability

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