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Prelim Revision Quiz

Authored by D McCourt

Business

12th Grade

Used 1+ times

Prelim Revision Quiz
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector of economy is run by the government?

Private sector

Public sector

Third sector

Private sector

Public sector

Third sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited companies are found in which sector of economy?

Private sector

Public sector

Third sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do public sector organisations raise finance?

Bank loans

Retained profits

Taxation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector is primarily driven by profit motives?

Private sector

Public sector

Third sector

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Non-profit organizations are typically part of which sector?

Private sector

Public sector

Third sector

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of being a sole trader?

Unlimited liability

Limited liability

Dividends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does organic growth occur?

When a company hires more staff

When a company merges with a rival

When a company takes over a rival

When a company hires more staff

When a company merges with a rival

When a company takes over a rival

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