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- 1. Multiple Choice
How many sectors of economy are there?
3
4
2
- 2. Multiple Choice
Pick the three sectors of economy...
Private
Public
Third
Secondary
- 3. Multiple Choice
A sole trader operates in the...
Public sector
Private sector
Third sector
- 4. Multiple Choice
The private sector is funded by tax
True
False
- 5. Multiple Choice
What sector does Starbucks operate in?
Private
Public
Third
- 6. Multiple Choice
Iain Buchanan Orthodontist Practice is in what sector?
Private
Public
Third
- 7. Multiple Choice
What sector does the Big Issue operate in?
Private
Public
Third
- 8. Multiple Choice
Unlimited liability affects what two types of businesses?
Sole traders
Partnerships
Private limited companies
Public limited companies
- 9. Multiple Choice
A private limited company is run by what...
A board of directors
Shareholders
The owner
The employees
- 10. Multiple Choice
What sector of economy does this fall under?
Private
Public
Third
- 11. Multiple Choice
They transport blood to different hospitals all over the UK. What sector of economy do they belong to?
Private
Public
Third
- 12. Multiple Choice
Pick the advantages of a sole trader is...
Decisions can be made quickly.
The sole trader keeps all of the profit made.
Can share the workload and responsibility.
Has to sign a large amount of legal documents.
- 13. Multiple Choice
A partnership has...
2-20 partners
2-16 partners
2-22 partners
2-18 partners
- 14. Multiple Choice
Who pays taxes to fund the public sector? Pick 2
The government
Businesses
Individuals
- 15. Multiple Choice
The public sector aims to make good use of taxpayers’ money and provide the services needed.
True
False
- 16. Multiple Choice
What sector of economy does Nando's belong to?
Private
Public
Third
- 17. Multiple Choice
What does a private limited company aim to do?
Maximise profits
To promote awareness of “good causes”
- 18. Multiple Choice
This organisation comes under what sector of industry?
Private
Public
Third
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