FORM 5 PRODUCTION QUIZ

Farming fall under primary production.

• TRUE

• FALSE

The machinery used in rice growing would be defined as which of the following factors of production?

• Enterprise

• Land

• Labour

• Capital

Which of teh following is an example of fixed capital in a supermarket?

• The display cabinets

• The cash inthe tills

• Money owed by the people who have bought on credit

• Stock waiting to be sold

An advantage of small businesses to a country is that they

• do not employ economies of scale

• create employment, particularly in rural areas

• have a relatively short life-span

• provide a drain on the financial resources of that country

An example of "technical economy of scale" is

• Spreading risks by producting more products

• Being able to raise more finance at a lower interest rate

• Taking on more specialiist managers

• The employment of mass-production machinery

Which ONE of the following is typical of the subsistence level of production

• Consumer wants are adequately satisfied

• Production creates no more than the barest necessities of lifef

• Specialization results in the creation of surpluses

• There i a high level of technology and industrialization

Which of the followng is most likely to be products from cottage industries?

• Linen

• Machinery and tools

• Handicraft

• Vegetables and fruits

Which one of the following factors is most closely related to capital intensive productiion?

• An adequate supply of land

• Availability of labour

• Industrialization

• Location of industry

Production in which there is heavy concentration on manual skills is said to be

• capital intensive

• highly automated

• heavily mechanized

• labour intensive

Which of the following is a speical feature of the small firm?

• Bulk buying

• Heavy advertising campaigns

• Mass production of its products

• Personal services