G9: Firms (1st set)

Which 2 of the following is synonymous to a "firm"?

• business entity

• business sales

• business organization

• business permit

What are industries?

• consist of products producing the same firms

• consist of firms producing the same products

• consist of individuals consuming the same products

• consist of firms consuming the same products

Which are examples of industries? Select all that apply.

• Education

• Transportation

• Entertainment

• Agriculture

Which of the following sectors is responsible in processing raw materials?

• Primary

• Secondary

• Tertiary

• Quaternary

What is the function of the Secondary Sector?

• processing raw materials

• extracting raw materials

• focused on providing services

• focused on IT

Which sector is responsible for IT services

• Primary

• Secondary

• Tertiary

• Quaternary

Speaking of sectors, where does teaching fall in?

• Primary

• Secondary

• Tertiary

• Quaternary

You fish for a living. Which sector do you belong to?

• Primary

• Secondary

• Tertiary

• Quaternary

You live in North Korea. What type of economy do you expect to be in?

• Planned Economy

• Market Economy

• Mixed Economy

• Traditional Economy

Which economy has firms all in the private sector?

• Market Economy

• Planned Economy

• Mixed Economy

• Traditional Economy