Ch. 2: Classification of Business | Other Quiz

Ch. 2: Classification of Business

10th - 12th grade

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2 years ago

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7 QuestionsShow answers

Question 1
SURVEY
20 seconds
Q. The primary stage of production is concerned with
answer choices
growing crops and extracting the earth's natural resources
providing services to consumers and industry
converting raw materials into finished goods
transporting goods to the final consumer
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Question 2
SURVEY
20 seconds
Q. The tertiary sector of industry is the most important sector in high income countries because
answer choices
agricultural output is more important than services
they use most of their income to buy manufactured goods
workers are employed in manufacturing in these countries
consumers' incomes are high so they spend more on services
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Question 3
SURVEY
20 seconds
Q. Which following businesses would you classify as being in the secondary sector of industry?
answer choices
An oil exploration company
A family run farm business
A taxi operating business
A shoe manufacturer
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Question 4
SURVEY
20 seconds
Q. Which of the following is the best definition of privatisation?
answer choices
When private limited companies convert into public companies
When a partnership converts into a private limited company
When a state owned industry is sold to the private sector
When a private sector firm is purchased by the government
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Question 5
SURVEY
30 seconds
Q. In a mixed economy which of these industries is most likely to be controlled by the government?
answer choices
Hotels and restaurants
Health and public transport
Building and taxi services
Food shops and farming
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Question 6
SURVEY
20 seconds
Q. Which one of the following is a disadvantage of privatisation?
answer choices
Jobs might be lost as private owners try to cut costs
The government raises money which could help to reduce taxes
Less competition than when the industry was a monopoly
Politicians will now influence business decisions
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Question 7
SURVEY
20 seconds
Q. Changes in importance of different sectors of industry in a country is likely to be caused by
answer choices
the exhaustion of the country's copper mines
an increase in the country's population
a long period of no increases in family incomes
government grants available to businesses in all sectors
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