Who has an idea for a new business?
Producer
Consumer
Entrepreneur
Creditor
What are the factors of production?
Land, labour and enterprise
Land and capital
Land, capital and enterprise
Land, labour, capital and enterprise
The ownership of companies is divided into small units called:
Shares
Dividends
Profit
Debentures
Social enterprises compete with other business in the:
Same market or industry
Different market or industry
Same market or agricultural sector
Commercial sector
The entrepreneur may avoid the cost of:
Buying
Selling
Both 1 & 2
Forfeiting
How many objectives are there for a social enterprise?
Two
Three
Four
Five
Which of the following are the physical goods used by industry to aid in the production of other goods and services?
Producer goods
Consumer goods
Capital goods
Industrial goods
Business activity exists to produce:
Service goods
Who decides on the business idea or opportunity?
Shareholder
Industrialisation is the term used to describe the growing importance of the:
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
