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