Proficiency - Production (Test)

Which of the following is NOT a factor of production?

• Land

• Labour

• Capital

• Resources

The two types of migration are

Domestic/Self Sufficient Production comprises:

• All the goods produced in a country

• All the output from housekeepers, butlers and maids

• All the goods produced for export

• Goods produced to meet the needs of citizens

Which ONE of the following best describes the labour force of a country?

• The group of people who are of school leaving age

• The group of people who are of the age permitted to work

• The group of people employed or actively seeking employment and who are the age permitted to work by law

• The group of people who are employed and are of school leaving age

Which of the following best describes cottage industries?

• People in rural areas building their own homes

• People making products in their homes

• People setting up small factories in their backyards

• People making products only for export

Which of the following is an example of linkage industries ?

• Agriculture and house construction

• Air travel and train trave

• Cattle farming and fast food burger restaurants

• Lumber and education

All of the following EXCEPT ONE are examples of the positive effect of migration. Which one is NOT?

• Foreign exchange helps support family members

• Students and workers return with work experience

• Workers compete with a large group of persons for jobs

• Government makes less transfer payments

All of the following EXCEPT ONE impacts on the location of business. Which ONE does not?

• Government placement of suitable infrastructure

• The suitability of soil and weather conditions

• The number of schools nearby

• The density of the population in the area

In a typical product lifecycle, sales increase fastest in the:

• Introductory phase

• Growth phase

• Maturity phase

• Decline phase

How should marketers best consider the 4Ps?

• All four Ps need to be considered as inter-related

• All four Ps need to be considered as separate from each other

• The Product should be considered first and then the other 3Ps

• The Price should be considered first and then the other 3Ps