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5.1b Flashcards | StudBud
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5.1b
5.1b
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Questions
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Answers
1
T or F: the tertiary sector is the most substantial in terms of employment and GDP
True
False
2
Using natural resources wisely in the short-term so they are available in the long-term, is
Ecological sustainability
Social sustainability
Environmental sustainability
Economic sustainability
3
The quaternary sector is a subcategory of the tertiary sector
True
False
4
What is 'land' in terms of factors of production?
property
dirt
non-natural resources
natural resources used for production
5
Which types of businesses do not operate in the tertiary sector?
Clothing and textiles
Banking and insurance
Hotels and tourism
Security and protection
6
The four business sectors are linked through
Sector change over time
Increasing degrees of specialisation
The chain of production
Value added processes
7
In production, operations management does not involve providing...
The right goods and services
The right quantities
The right quality
The right price
8
Which is not a factor of production?
Land
Capital
Labor
Human resources
9
What is involved in the secondary sector?
Sharing information
Extracting raw goods
Provide both goods and services
Manufacturing goods
10
‘
Intergenerational equity
’ is a concept very relevant to sustainability
True
False
11
Efficient and profitable asset use over time, without negatively affecting future generations
Social sustainability
Ecological sustainability
Environmental sustainability
Economic sustainability
12
What is sectoral change?
shift in relative share of national output and employment
shift in environment that affects each sector
Shifting from the primary sector to the secondary sector
13
Social sustainability: developing processes that meet the needs of its stakeholders
True
False
14
Which of the following is not part of the quaternary sector?
Consultancy services
Research and development
Transportation and distribution
Information communication technology
15
An intrepreneur is an individual who organizes and manages a business.
True
False
