Resources of Business Activity

There are ____ resources needed for business activity.

• 1

• 3

• 4

Which of the following are resources needed for business activity?

• Capital

• Land

• Place or Building

Entrepreneurs are ...

• People who take risks to start and run their own business.

• The people involved in the production of goods and services.

• An organisation that has profit as its main aim.

What is capital?

• It refers to the land site as well as natural resources such as the sea, forest, minerals, and petroleum.

• It refers to the people involved in the production of goods and services.

• It refers to the money needed to start a business.

What is meant by land?

• It refers to the land site as well as natural resources such as the sea, forests, minerals, and petroleum.

• It refers to the people involved in the production of goods and services.

• It refers to the money needed to start a business.

Labour is ...

• the land site as well as natural resources such as the sea, forests, minerals, and petroleum.

• the people involved in the production of goods and services.

• the money needed to start a business

Which of the following are examples of capital?

• Buildings

• Employees

• Equipments

Which of the following are examples of land?

• Machinery

• Crops

• Petroleum

Which of the following are examples of labour?

• Receptionists

• Tour guides

• Teacher

Money is also an example of capital.

• TRUE

• FALSE