Cost and Profit Grade 5

The resources for producing goods and services is called ...

• Revenue

• Profit

• Cost

• Factors of Production

What does 'land' mean?

• Ground, building, and all natural resources used for producing goods or services.

• The work done by people who produce goods or services.

• Man-made resources.

• A person who organizes land, labour, and capital in order to do the business.

man-made resources, such as money, cash, and machinery is called ...

• land

• labour

• capital

• entrepreneur

What does 'entrepreneur' mean?

• Man-made resources.

• A person who organizes land, labour, and capital in order to do the business.

• Ground, building, and all natural resources used for producing goods or services.

• The work done by people who produce goods or services.

The work done by people who produce goods or services called ...

• land

• labour

• capital

• entrepreneur

What does 'stock' mean?

• A sum of money required for producing goods or services.

• The money earned by selling goods and services.

• Good or inventory that available for a company or business to use and sell.

• The money from financial gain of selling goods or services more than the cost of production.

The money from financial gain of selling goods or services more than the cost of production called ...

• profit

• cost

• stock

• Revenue

What does 'Revenue' mean?

• A sum of money required for producing goods or services.

• The money from financial gain of selling goods or services more than the cost of production.

• Good or inventory that available for a company or business to use and sell.

• The money from selling goods or services.

The sum of money required for producing goods or services called ...

• profit

• cost

• stock

• Revenue

The following is the way to count profit is...

• Total Income - Total Expenditure

• Total Income - Total Revenue

• Total Revenue - Cost of Production

• Total Revenue - Total Income