BIGVILLE COLLEGE BUSINESS STUDIES JS1 3RD TERM
Authored by Olatunji Anuoluwapo
Business
7th Grade
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
1. The reward for capital is ______
(a) rent
(b) interest .
(c). Profit
(d) loss
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
2._____ as a factor of production is a free gift of nature
2._____ as a factor of production is a free gift of nature
(a) land
(b) capital
(c) labour
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
3. There are _____ forms of production
(a) 2
(b) 5
(c) 3
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
4.The factor of production that coordinate or organize other
(a) entrepreneur
(b) capital
(c) labour
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
5.The conversation of raw materials to finish goods involves _____ production
(a) primary
(b) secondary
(c) tertiary
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
6.The extraction of raw materials from the farm,sea and forest involves _____ production
(a) primary
(b) secondary
(c) tertiary
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
7.The rendering of commercial and professional services involves _____ production
(a) primary
(b) secondary
(c) tertiary
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