Ernie and Earl Have a Logging Company in Northern British

question 113

Multiple Choice

Ernie and Earl have a logging company in Northern British Columbia, and they employ 15 people. Which sector of the economy are these people engaged in?

• A) the primary sector
• B) the secondary sector
• C) the tertiary sector
• D) the social reproduction sector

---

Definitions:

Self-Dealing

occurs when a person in a fiduciary position acts for their own benefit rather than for the benefit of the beneficiaries.

Prudent Business Judgment

Refers to making careful and sensible business decisions based on a thorough evaluation of risks and benefits.

Consumer-Protection Statutes

Laws designed to safeguard buyers of goods and services, and the public, from unfair practices in the marketplace.

Liability

The legal responsibility for one's actions or omissions, which can result in being obliged to offer compensation for harm caused.