Pre-assessment - W5 Grade 8

What factor of production refers to the human effort involved in the production process?

• Labor
• Capital
• Land
• Entrepreneurship

Which factor of production includes natural resources like water, minerals, and agricultural land?

• Labor
• Capital
• Entrepreneurship
• Land

Which factor of production involves the organization and management of resources to start and run a business?

• Labor
• Capital
• Entrepreneurship
• Land

Which factor of production represents the money used for investment in a business?

• Labor
• Land
• Capital
• Entrepreneurship

A farmer employs one man to plough a large field. As well as labour, which factors of production are involved in this activity?

• Land and capital only

• land and enterprise only

• capital and enterprise only

• land, capital and enterprise