Post assessment -W5 Grade 8

A company is considering building a new factory. Which factor of production is primarily involved in this decision?

• Labor
• Entrepreneurship
• Capital
• Land

A startup company is looking for partners to start an ice-cream factory. Which factor of production is the startup focusing on?

• Labor
• Entrepreneurship
• Capital
• Land

What is not an example of a factor of production in a hairdressing business?

• a haircut

• a hairdresser

• a hairdressing shop

• a hair-drier

Which of the following is an example of the factor of production ‘capital’?

• a truck

• a truck driver

• a truck driver’s savings

• a truck driver’s wage

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

• Capital
• Entrepreneurship
• Labor
• Land