Economic Sectors Quiz

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Questions and Answers

Which sector represents a large grouping of companies engaged in similar business activities?

  • Tertiary sector
  • Quaternary sector
  • Primary sector (correct)
  • Secondary sector

In which sector are oil and gas companies categorized?

  • Quaternary sector
  • Secondary sector
  • Primary sector (correct)
  • Tertiary sector

What represents a more specific grouping of companies within a particular sector?

  • Corporation
  • Industry (correct)
  • Market
  • Enterprise

Which industry is concerned with the processing and production of goods and services?

<p>Secondary industry (D)</p> Signup and view all the answers

In which industry are companies engaged in services like education, healthcare, and hospitality categorized?

<p>Tertiary industry (B)</p> Signup and view all the answers

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Study Notes

Sector Classification

  • A sector represents a large grouping of companies engaged in similar business activities.
  • The oil and gas companies are categorized in the energy sector.

Industry Classification

  • An industry represents a more specific grouping of companies within a particular sector.
  • The industry concerned with the processing and production of goods and services is categorized as manufacturing.
  • Companies engaged in services like education, healthcare, and hospitality are categorized in the service industry.

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