Which of the following best describes a public sector organization?
AS Level Chapter 2 Review
11th Grade
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AS Level Chapter 2 Review
Quiz
•
Business
•
11th Grade
•
Easy
Niall Clark
Used 10+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Operated by private individuals
Run for profit
Owned and run by the government
Funded by private investors
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the primary objective of a private sector business?
Serve the public
Maximize profit
Provide employment
Minimize environmental impact
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What term describes the process of a country shifting from the primary to the secondary sector?
Deindustrialization
Globalization
Urbanization
Industrialization
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which economic sector is involved in the extraction of natural resources?
Primary
Secondary
Tertiary
Quaternary
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In which sector would you classify a business focused on IT and research?
Primary
Secondary
Tertiary
Quaternary
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which type of business ownership is simplest and most common?
Partnership
Sole trader
Private limited company
Public limited company
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is a key disadvantage of a sole trader business?
Shared liability
Complex to set up
Limited liability
Unlimited liability
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