Quiz
IGCSE Chapter 7: Factors of production
Questions in this quiz (10)
1which one of the following choices is not one of the four factors of production?
- Aland
- Bcapital
- Centerprise
- Dmarketing
2Capital is the workforce in the economy
- ATrue
- BFalse
3entrepreneurs are people who work for a business.
- ATrue
- BFalse
4what is working capital?
- Athis refers to the stocks of raw materials and components that will be used up in production.
- Bthis refers to the factories, offices, shops, machines, tools, equipment and furniture used in production.
5specialisation- in businesses, the production of a limited range of goods.
- ATrue
- BFalse
6labour- intensive production is...
- Aproduction methods that make more use of machinery relative to labour.
- Bproduction methods that make more use of labour relative to machinery.
- Cproduction method that only uses animals.
7Castiel wants to start up his own charitable business, what 4 skills does he need to become and entrepreneur ?
- Afriendly
- Brisk- taker
- Cstrict
- Ddecision maker
- Eorganiser
- Fcharitable
- Ginnovator
8division of labour- specialisation in specific tasks or skills by an individual.
- ATrue
- BFalse
9machinery is...
- Afixed capital
- Bworking capital
10which of the following would make businesses more capital- intensive in production?
- Acan't be bothered to hire people
- Brapid advances in technology
- Cthe business has too much money and doesn't know what to do with it
- Dmore large-scale production
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- Description
- Quiz on IGCSE Chapter 7: Factors of production, created by rebecca.thompson on 10/12/2014.
- Author
- rebecca.thompson
- Language
- English
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