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10 questions
Which is the odd one out in terms of Factors of Production
Capital
Goods
Land
Labour
Which of the following jobs belong to the Tertiary Sector?
Banking
Fisherman
Hairdresser
Teacher
Which Sector do NHS and Police Officers operate in?
Public
Private
Public
Which organisation has unlimited liability?
Private Limited Company
Sole Trader
Partnership
Which Sector does Social Enterprise belong to?
Private
Third
Public
Who owns a Private Limited Company?
Managing Director
Shareholders
Manager
Staff
Which of the following are benefits of being a Sole Trader?
Can choose when to take your holidays
Heavy workload
Keep all the profits
Can be harder to raise finance
How many people can own a Partnership?
2
10-20
2-20
20
How can businesses maximise customer service?
Develop a customer care strategy
Do not train staff
Ignore poor quality products/service
Ignore customer feedback
What is the role of the Entrepreneur
Takes forward other people's ideas
Develops and idea and turns it into a reality
Work for other people
Bring the Factors of Production together
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