IST SUPERVISOR'S TEST SECOND TERM YEAR 4

_________are the things needed by man to make life meaningful.

• Subsistence need

• Food stuff

• Hunam needs

• Materials

A business owner who combines his time with other factors of production is an _____________________.

• entrepreneur 

• producer

• capital

• labor

An example of services that can be distributed  is _____ services.

• Medical

• household items

• cooking utensils

• cutleries

_______ is the reward for land.

• Rent

• Capital

• Wages

• Interest.

The __ provides goods, food or materials for commercial purpose.

• producer

• manager

• government

• supervisor.

(a)   is the need for security, good health and care.

The process of manufacturing things in large quantity is known as (a)  

The human effort used in production process is called (a)   .

(a)   is the process of sharing things among a large group of people in a planned way.

The various ways through which goods and services are made available to those who use them is referred to as (a)   .