WorksheetsFactors of Production and Functions of Business
Total questions: 22
Worksheet time: 11mins
What are the resources called that are needed to produce a good or service?
Goods and services.
Needs and wants.
Factors of production.
All of the above.
What could be an example of capital?
Buildings
Machines
Money
All of the above
Which one of the four factors of production does the image show?
Entrepreneur
Capital
Natural Resources
Labor
Which one of the four factors of production does the picture show?
Human
Natural Resources
Capital
Entrepreneur
How many factors of production are needed to produce a good or service?
2
4
6
8
Entrepreneurs are...
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
An individual's knowledge or skills that make production of a good/service more efficient is known as what?
Human Capital
Physical Capital
Investment Capital
Enterprise Capital
Capital refers to...
The "gifts of nature" or natural resources not created by human effort.
people with all their efforts and abilities
the tools, equipment, and factories used in production of goods and services
individuals who start a new business or bring a product to market.
Natural
Human
Entrepreneur
Capital
Which one of the four factors of production does the picture show?
Natural Resources
Labor
Capital
Entrepreneur
Gold and oil can be seen as:
Natural resources
Labor
Capital
Entrepreneurship
What could be an example of capital?
Buildings
Machines
Money
All of the above
What are the 2 types of natural resources?
Wants and needs
Goods and services
Renewable and non-renewable
Water, air, and meat are what type of natural resource?
Renewable
Non-renewable
Which function of business plans promotional materials?
Management
Accounting
Operations
Marketing
Renewable
Non-renewable
A company's purpose
Business
Strategy
Mission
Vision
What is a company's view of the future?
Vision
Mission
Business
Strategy
A for-profit or non-profit organization
Mission
Business
Strategy
Vision
What function of business is responsible for leading people?
Marketing
Operations
Sales
Management
What function of business is in charge of money?
Accounting
Marketing
Operations
Management
A route or plan of action to achieve a goal
Mission
Vision
Strategy
Business
