Introduction to Business Management

Question 1

Which of the following is not an example of a Good.

Accepted Answer

Watching a Film at the Cinema

Question 2

Which sector of industry would you find car manufacturing?

Accepted Answer

Secondary

Question 3

What is a service?

Accepted Answer

Intangible items provided by someone else

Question 4

Which Factor of Production is responsible for controlling the three other factors?

Accepted Answer

Enterprise

Question 5

Primary, Secondary and Tertiary are what?

Accepted Answer

The Sectors of Industry

Question 6

What is a need?

Accepted Answer

An item that a you must have in order to survive.

Question 7

Which of the following is not a reason for a decline in the Primary Sector in Scotland?

Accepted Answer

Increase in Leisure Time

Question 8

What is a Durable Good?

Accepted Answer

Tangible item which can be used over & over until it breaks

Question 9

What are Land, Labour, Capital and Enterprise?

Accepted Answer

The Factors of Production

Question 10

Which Factor of Production refers to the raw materials & buildings used to make the product?

Accepted Answer

Land

Question 11

Which sector of industry includes businesses which extracts raw materials from the land or sea?

Accepted Answer

Primary

Question 12

Which Factor of Production refers to the machinery and equipment used to make the product?

Accepted Answer

Capital

Question 13

Which Sector(s) of Industry has/have decline in the Scotland over the last 50 years?

Accepted Answer

Primary, Secondary

Question 14

Which sector of industry would you find Banking?

Accepted Answer

Tertiary

Question 15

Which of the following is not a want?

Accepted Answer

Basic Shelter

Questions 15