S3 Business - UB Part 1

Which of the following is an example of a durable good?

• A can of juice

• A taxi ride

• A phone

• A plaster

Which of the following is an example of a service?

• A pair of trainers

• An education

• A water bottle

• A pair of scissors

If you can see/touch something, it's known as what?

• Durable

• Intangible

• Non-durable

• Tangible

Which of the following is an example of a need?

• An iphone14

• Airpods

• Clothing

• Stationary

Which of the following is an example of a non durable item?

• Paper plates

• Airpods

• A phone case

• A suitcase

How many factors of production are there?

• 3

• 4

• 5

• 6

Land is an example of?

• Sectors of Industry

• Sectors of Economy

• Factors of Production

• None of the above

Which factor of production involves man made resources such as equipment?

• Land

• Labour

• Capital

• Enterprise

Which of the following is a skill that an entrepreneur would require?

• Organised

• Reliable

• Communication

• Dressed smartly

Which quality from below would an entrepreneur require?

• Teamwork

• Creative

• Good at IT

• Lazy