Factors of Production

Factors of Production

8th - 10th Grade

10 Qs

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Factors of Production

Factors of Production

Assessment

Quiz

Business, Education

8th - 10th Grade

Medium

Created by

David Dornan

Used 38+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors of production is an example of capital?

Tractors

Fields

Farmers

Suppliers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In factors of production, what do we mean by enterprise?

Purchasing land for a business

An idea of how to use the land, labour and capital to make a profit.

Having lots of wealth to start your own company

Being a managing director of a major business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term factors of production mean?

Utilising labour to optimal effect for business

The different levels of how much a business produces something

Whether or not a business has sufficient wealth to survive

The different resources that are combined to produce something

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many factors of production are there?

Four

Five

Six

Seven

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The factors of production are

Land, Labour, Capital and Entertainment

Conservative, Labour, Liberal and Green

Land, Labour, Capital and Enterprise

Primary, Secondary, Tertiary and Quandary

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are resources of enterprise?

Land, Sea, Air, Space

Elon Musk, Richard Branson, Kylie Jenner, Coco Chanel

Machinery, Computers, Trucks, Factories

France, Italy, Germany, Spain

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following part of making denim jeans is an example of capital

Cotton is harvested from plants

Sewing machines, irons and indigo are used in the production process

Workers sew the different parts of the denim together

The entrepreneur comes up with the idea for the jeans and combines the different factors of production.

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