Principles of Business: Production and Cottage Industry
Authored by Kerwin Alexander
Business
6th Grade - University
Used 291+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Production in the ‘developed world’ is characterised by a greater reliance on equipment than labour. This can BEST be defined as?
Mechanisation
Automation
Capital-intensive production
Labour-intensive production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production is fixed in supply?
Land
Labour
Capital
Entrepreneurship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production is created in the production process?
Land
Labour
Capital
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the level of production: Food crops, eggs and milk being sold to the national market.
Subsistence production
Domestic production
Export production
Lean production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the level of production: A family growing their own fruits and vegetables.
Subsistence production
Domestic production
Export production
Primary production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the level of production: Architectural or engineering services for major overseas projects
Subsistence production
Domestic production
Export production
Secondary production
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the level of production: Providing goods for the international market
Subsistence production
Domestic production
Export production
Secondary production
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