Intro to Business y12

What is an enterprising person often referred to as?

• Innovator

• Manager

• Entrepreneur

• Investor

Which of the following is a characteristic of an enterprising person?

• Risk averse

• Risk taker

• Cautious

• Conservative

Which of the following is NOT a characteristic of an entrepreneur according to the learning material?

• Sets up a business

• Always wanted to own a business

• Must be self-employed

• Takes risks

Who are considered internal stakeholders in a business?

• Customers and suppliers

• Government and customers

• Owners and employees

• Suppliers and government

Which of the following best describes external stakeholders of a business?

• Owners and employees

• Customers and suppliers

• Employees and government

• Owners and customers

How do suppliers benefit when a business succeeds?

How does the government benefit from the success of a business?

What is the primary sector primarily concerned with?

• Manufacturing of goods

• Extraction of raw materials

• Service delivery

• Technology development

Which of the following is an example of a manufacturing process in the Secondary Sector?

• Car making

• Farming

• Banking

• Teaching

What is the primary function of the tertiary sector?

• Manufacturing goods

• Extracting raw materials

• Providing services

• Agricultural production