S1 Business Enterprise Hwk 3

The four factors of production are...

• land, people, capital & enterprise

• land, labour, finance & enterprise

• land, labour, capital & enterprise

• land, labour, capital and finance

The natural resources and premises are which factor of production?

• Land

• Labour

• Capital

• Enterprise

The ideas of the owner who combines the factors of production is which factor?

• Land

• Labour

• Capital

• Enterprise

man-made resources such as machinery and equipment and also the finance of the business is which factor of production?

• Land

• Labour

• Capital

• Enterprise

The human resources, i.e. the employees of the business is which factor of production?

• Land

• Labour

• Capital

• Enterprise

If you were running a cafe the food mixer, spoons and plate would be which factor of production?

• Land

• Labour

• Capital

• Enterprise

If you were running a cafe the actual cafe and natural ingredients such as water would be which factor of production?

• Land

• Labour

• Capital

• Entreprise

In your cafe the chefs, waiters and waitresses would be which factor of production?

• Land

• Labour

• Capital

• Enterprise

The owner of the cafe who brings ideas and combines the factors of production is which one?

• Land

• Labour

• Capital

• Enterprise