Factors of production
Authored by Elizabeth McMahon
Geography
6th - 7th Grade
Used 201+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A natural resource is:
Gifts of nature. What the earth makes naturally
Human workers
Man made things that help make a good or service
A person who risks their time and money to start a business
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A capital resource is:
Gifts of nature
A person who risks their own time and money to start a business
Money that is left over after paying operating costs
Man made things that help make a good or service
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A profit is:
Man made things that help make a good or service
The money left over after paying off operating costs
Gifts of nature
The amount of money it takes to run a business
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Operating cost is:
The amount of money it takes to run a business
Gifts of nature
Man made things that help make a good or service
A person who risks their own time and money to start a business
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Revenue is:
The amount of money it takes to run a business
profit
The amount of money you make from selling goods and services
Gifts of nature
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is an Entrepreneur?
A person who risks their own time and money to start a business
The money a business makes from selling their goods and services
Revenue
Profit
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which is an example of a natural resource?
Water
Construction worker
Oven
Spoon
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