_____________ is the process of converting raw materials into finished goods or semi-finished goods.

Business Basics-Production

Quiz
•
Business
•
8th Grade
•
Medium
Shanice Griffiths
Used 98+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Production
Land
Productivity
Resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land, labour, _______ and enterprise or entrepreneurial skills are all factors of production.
clothing
capital
human labour
resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are types of production EXCEPT
Primary production
Tertiary production
Secondary production
Subsistence production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Knowledge and skills possessed by people that are used to enhance the production process is referred to as
land
human capital
labour
capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The extraction of raw materials from the earth's surface represents which type of production?
Secondary
Primary
Domestic
Tertiary
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The levels of production are
Subsistence
Domestic
Surplus
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At this level everything is produced locally, in the home country
export
domestic
subsistence
surplus
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