Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the primary purpose of the primary industry?
What is the primary purpose of the primary industry?
- To recover natural resources from the environment (correct)
- To provide finished goods to consumers
- To manufacture goods on a large scale
- To offer highly specialized and expensive technology services
Which of the following industries is most closely associated with the Industrial Revolution in Britain?
Which of the following industries is most closely associated with the Industrial Revolution in Britain?
- Tertiary industry
- Primary industry
- Quaternary industry
- Secondary industry (correct)
What is a characteristic of the tertiary industry?
What is a characteristic of the tertiary industry?
- It involves the extraction of natural resources
- It provides a wide range of services that support the primary and secondary industries (correct)
- It provides highly specialized and expensive technology services
- It is the most labor-intensive industry
Which type of business ownership is characterized by unlimited liability?
Which type of business ownership is characterized by unlimited liability?
Signup and view all the answers
What is a disadvantage of a sole proprietorship?
What is a disadvantage of a sole proprietorship?
Signup and view all the answers
What is a characteristic of a corporation?
What is a characteristic of a corporation?
Signup and view all the answers
What is the primary reason for the development of the tertiary industry in Canada?
What is the primary reason for the development of the tertiary industry in Canada?
Signup and view all the answers
Which industry is the most important in terms of providing goods to consumers?
Which industry is the most important in terms of providing goods to consumers?
Signup and view all the answers
What is a characteristic of the quaternary industry?
What is a characteristic of the quaternary industry?
Signup and view all the answers
Which type of business ownership is characterized by joint liability?
Which type of business ownership is characterized by joint liability?
Signup and view all the answers
