1776362
Descripción
Test por rebecca.thompson, actualizado hace más de 1 año
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Creado por rebecca.thompson
hace más de 9 años
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Pregunta 1
Pregunta
which one of the following choices is not one of the four factors of production?
Respuesta
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land
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capital
-
enterprise
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marketing
Pregunta 2
Pregunta
Capital is the workforce in the economy
Respuesta
- True
- False
Pregunta 3
Pregunta
entrepreneurs are people who work for a business.
Respuesta
- True
- False
Pregunta 4
Pregunta
what is working capital?
Respuesta
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this refers to the stocks of raw materials and components that will be used up in production.
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this refers to the factories, offices, shops, machines, tools, equipment and furniture used in production.
Pregunta 5
Pregunta
specialisation- in businesses, the production of a limited range of goods.
Respuesta
- True
- False
Pregunta 6
Pregunta
labour- intensive production is...
Respuesta
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production methods that make more use of machinery relative to labour.
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production methods that make more use of labour relative to machinery.
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production method that only uses animals.
Pregunta 7
Pregunta
Castiel wants to start up his own charitable business, what 4 skills does he need to become and entrepreneur ?
Respuesta
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friendly
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risk- taker
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strict
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decision maker
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organiser
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charitable
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innovator
Pregunta 8
Pregunta
division of labour- specialisation in specific tasks or skills by an individual.
Respuesta
- True
- False
Pregunta 9
Pregunta
machinery is...
Respuesta
-
fixed capital
-
working capital
Pregunta 10
Pregunta
which of the following would make businesses more capital- intensive in production?
Respuesta
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can't be bothered to hire people
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rapid advances in technology
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the business has too much money and doesn't know what to do with it
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more large-scale production
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