WorksheetsFactors of Production
Total questions: 8
Worksheet time: 4mins
Name
Class
Date
1.
1. Which of the following is NOT a factor of production?
a)
Natural Resources
b)
Human Resources
c)
Financial Resources
d)
Enterprise
2.
2. Which of the following factors of production refers to the workforce or human effort used in the production process?
a)
Natural Resources
b)
Human Resources
c)
Capital Resources
d)
Enterprise
3.
3. What are intangible products that are offered to consumers in exchange for payment known as?
a)
Goods
b)
Services
c)
Natural Resources
d)
Capital Resources
4.
4. What factor of production includes machinery, tools, and buildings that aid in the production process?
a)
Human Resources
b)
Capital Resources
c)
Natural Resources
d)
Enterprise
5.
5. What term refers to the process of creating goods and services using various resources like labor, capital, and natural resources?
a)
Distribution
b)
Consumption
c)
Production
d)
Manufacture
6.
6. What are resources provided by nature, such as land, water, and minerals, known as?
a)
Goods
b)
Services
c)
Human Resources
d)
Natural Resources
7.
7. Which factor of production is responsible for the coordination and management of the other factors?
a)
Human Resources
b)
Enterprise
c)
Natural Resources
d)
Capital Resources
8.
Which of the following is an example of a tangible product?
a)
Education
b)
Healthcare
c)
Cars
d)
Banking
100 %
