JSS1 2nd term Mid term test

The difference between a profession and an occupation is _____________

• a) A profession requires specialized training, while an occupation does not

• b) A profession is a type of occupation, while an occupation is a type of profession

• c) A profession is a job that requires manual labor, while an occupation is a job that requires mental labor.

• d) A profession is a job that requires a college result, while an occupation is a job that does not require a college result

The primary goal of a business is to _____________

• a) provide employment

• b) make profit

• c) produce goods and services

• d) satisfy family members

_______ is a characteristic of a good entrepreneur?

• a) Selfish

• b)Dishonest

• c) Innovative

• d) Lazy

_____________ is a characteristic of a successful entrepreneur.

• a) Talkative

• b) Innovative

• c) Lazy

• d) Dishonest

An occupation is a person's __________

• a) hobby

• b) job or profession

• c) church

• d) investment

Entrepreneurship helps to reduce _______________________.

• a) Poverty

• b) Unemployment

• c) Inflation

• d) Poverty and Unemployment

The role of entrepreneurship as a factor of production is to ____________

• a) To provide land

• b) To provide labor

• c) To provide factors

• d) To manage and organize other factors of production

________ is the process of producing goods and services.

• a) Production

• b) Distribution

• c) Marketing

• d) Sales

___________ is a factor of production.

• a) Consumer goods

• b) Capital goods

• c)Land

• d) All of the above

The main goal of an entrepreneur is to ________________

• a) make profit

• b) create employment

• c) provide goods and services

• d) All of the above