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QUALIFYING EXAM FOR BUSINESS STUDY

Authored by Agbatuo Abayomi

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KG

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QUALIFYING EXAM FOR BUSINESS STUDY
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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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A small group of individuals who are led in discussion by a professional consultant in order to gather opinions on and responses to candidates and issues.

focus groups

in depth interview

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many factors of production do we have?

1

4

2

3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gold and oil can be seen as:

Natural resources

Labour

Capital

Entrepreneurship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the correct factor of production.

Skilled people working in a lawyers firm will be seen as?

Natural resources

Labour

Capital

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify the correct factor of production.

Machinery and factories are?

Natural resources

Labour

Capital

Entrepreneurship

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four factors of production?

Natural Resources, Capital, Need & Want

Natural Resources, Labor, Capital, Entrepreneurs

Water, Air, Food & Shelter

Land, Capital, Goods & Services

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Natural Resources includes...

The "gifts of nature" or natural resources not created by human effort.

the tools, equipment, and factories used in production of goods and services

people with all their efforts and abilities

individuals who start a new business or bring a product to market.

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