Business Enterprises and the Economy Quiz
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Questions and Answers

Which sector refers to businesses or organizations that are owned, managed, and operated by private individuals or groups?

  • Private sector enterprises (correct)
  • Public sector enterprises
  • Joint sector enterprises
  • Mixed sector enterprises

What is a business enterprise?

  • A social enterprise
  • A government-owned company
  • An organization involved in commercial activities (correct)
  • A non-profit organization

Which sector includes businesses owned by the government?

  • Mixed sector enterprises
  • Public sector enterprises (correct)
  • Private sector enterprises
  • Joint sector enterprises

Which type of economy does India operate as?

<p>Mixed economy (D)</p> Signup and view all the answers

Which sector includes businesses owned by both private individuals/groups and the government?

<p>Joint sector enterprises (A)</p> Signup and view all the answers

Which of the following is an example of a private sector business?

<p>A local restaurant (B)</p> Signup and view all the answers

Which of the following is NOT an example of a business enterprise?

<p>A non-governmental organization (A)</p> Signup and view all the answers

What is the main goal of business enterprises?

<p>To meet the needs and demands of consumers (D)</p> Signup and view all the answers

Which of the following sectors includes businesses owned by the government?

<p>Public sector enterprises (B)</p> Signup and view all the answers

What type of economy does India operate as?

<p>Mixed economy (B)</p> Signup and view all the answers

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