Which of the following is an example of a primary sector business?
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C) A wheat farm A wheat farm is an example of a primary sector business because it involves the extraction of raw materials from the earth. The other options are secondary (car manufacturing) or tertiary (supermarket, software development) sector businesses.
What is the main activity of businesses in the secondary sector?
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C) Manufacturing and processing The secondary sector involves businesses that transform raw materials into finished goods through manufacturing and processing. The other options describe the primary (extracting raw materials), tertiary (providing services) and tertiary (selling finished goods) sectors.
Which of the following is a characteristic of a tertiary sector business?
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B) It provides services to consumers and other businesses Tertiary sector businesses provide services rather than goods. The other options describe the primary (extracting raw materials, agriculture) and secondary (manufacturing) sectors.
In a mixed economy, which of the following is an example of a public sector enterprise?
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B) A government-run school A government-run school is an example of a public sector enterprise because it is owned and operated by the government. The other options are examples of private sector businesses.
What is the main difference between a private sector and a public sector enterprise?
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B) The ownership of the business The main difference between private and public sector enterprises is ownership. Private sector businesses are owned by individuals or companies, while public sector enterprises are owned and operated by the government. The other options do not define the sectors.
Which of the following is an example of a business in the primary sector?
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B) An oil drilling company An oil drilling company is an example of a primary sector business because it extracts raw materials (oil) from the earth. The other options are examples of tertiary (retail store, fast-food restaurant, software development firm) sector businesses.
What is the main activity of businesses in the tertiary sector?
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C) Providing services The tertiary sector involves businesses that provide services to consumers and other businesses. The other options describe the primary (extracting raw materials), secondary (manufacturing and processing) and tertiary (selling finished goods) sectors.
Which of the following is an example of a business in the secondary sector?
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B) A car manufacturing plant A car manufacturing plant is an example of a secondary sector business because it transforms raw materials into finished goods. The other options are examples of primary (fishing company), tertiary (bank, clothing retail store) sector businesses.
In a mixed economy, which of the following is an example of a private sector enterprise?
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C) A family-owned bakery A family-owned bakery is an example of a private sector enterprise because it is owned and operated by individuals rather than the government. The other options are examples of public sector enterprises.
Which of the following is a characteristic of a secondary sector business?
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C) It manufactures and processes raw materials Secondary sector businesses are involved in manufacturing and processing raw materials to create finished goods. The other options describe the primary (extracting raw materials), tertiary (providing services, selling finished goods) sectors.
What is the main difference between the primary and secondary sectors?
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B) The primary sector extracts raw materials, while the secondary sector manufactures finished goods The primary sector involves the extraction of raw materials, while the secondary sector involves the manufacturing and processing of these raw materials into finished goods. The other options incorrectly describe the sectors.
Which of the following is an example of a business in the tertiary sector?
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C) A retail clothing store A retail clothing store is an example of a tertiary sector business because it provides services (retail) to consumers. The other options are examples of primary (mining company, wheat farm) and secondary (furniture manufacturing plant) sector businesses.
In a mixed economy, which of the following is an example of a public sector enterprise?
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B) A government-run postal service A government-run postal service is an example of a public sector enterprise because it is owned and operated by the government. The other options are examples of private sector businesses.
Which of the following is a characteristic of a primary sector business?
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C) It extracts raw materials from the earth Primary sector businesses are involved in the extraction of raw materials from the earth. The other options describe the secondary (manufactures finished goods), tertiary (provides services, sells finished goods) sectors.
What is the main difference between the secondary and tertiary sectors?
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A) The secondary sector involves manufacturing, while the tertiary sector involves services The secondary sector involves the manufacturing and processing of raw materials into finished goods, while the tertiary sector involves the provision of services. The other options incorrectly describe the sectors.