Production

Production

KG - 11th Grade

20 Qs

quiz-placeholder

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Production

Production

Assessment

Quiz

Business

KG - 11th Grade

Practice Problem

Medium

Created by

Vernique Felix

Used 157+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A factor of production is an _________ in the production process.

ingredient

input

item

output

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are considered to be factors of production EXCEPT?

products

labour

land

enterprise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital as a factor of production is sometimes referred to as:

entrepreneurship

man-made resources

human resources

natural resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reward for the entrepreneur is:

rent

salary

profit

interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limestone is found in economic quantities in several Caribbean islands.  What types of industries can be derived from the presence of limestone?

Aluminum and quarrying

Agriculture and jewelry

Agro-processing and energy

Cement and construction

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Guyana produces some of the best hardwood timber in the world, for example greenheart and mora.  Which of the following groups of products can be made from this timber?

Ships, buildings, furniture

Ships, cars, airplanes

Buildings, appliances, electric poles

Furniture, cars, boats

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Caribbean has a sunny climate, some of the world’s most beautiful beaches, diverse fauna, etc.  What industry can be derived from these natural resources?

Tourism

Banking

Retail

Manufacturing

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