Question 1

There are three main sectors that all business activity fits into, which sector is concerned with manufacturing ‐ converting raw materials into finished products or assemble products? (e.g. converting oil into plastic, or farm crops into food products; building a house or assembling a car)

Options :

A : Primary sector

B : Quaternary sector

C : Secondary sector

D : Tertiary sector

Answer: C

Question 2

There are three main sectors that all business activity fits into, which sector is the service industry? Businesses that support the production and distribution process (e.g. transport, storage, insurance and health care)

Options :

A : Primary sector

B : Quaternary sector

C : Secondary sector

D : Tertiary sector

Answer: D

Question 3

Which function within an organisation is involved in strategic and day-to-day matters, and are responsible for ensuring compliance with regulations, including health and safety?

Options :

A : Marketing

B : Operations

C :

Collaborates with other departments to ensure they have the correct number of staff with the right skill set Production

D : Sales

Answer: B

Question 4

Which of the five conflict responses happens when the individual tries to work with the other person to understand the issue from both sides and tries to find a creative solution to rectify the problem?

Options :

A : Accommodating

B : Avoiding

C : Collaborating

D : Competing

E : Compromising

Answer: C

Question 5

Unincorporated companies are considered by law to be separate from their owners. True or false?

Options :

A : TRUE

B : FALSE

Answer: B