BUSINESS STUDIES SECOND TERM Examination, 2021/2022

BUSINESS STUDIES SECOND TERM Examination, 2021/2022

7th Grade

50 Qs

quiz-placeholder

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BUSINESS STUDIES SECOND TERM Examination, 2021/2022

BUSINESS STUDIES SECOND TERM Examination, 2021/2022

Assessment

Quiz

Business

7th Grade

Hard

Created by

RMA ONE

Used 4+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The first form of production usually referred to as primary production consists of

         

manufacturing industry

extractive industry

commercial services

constructive industry

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

There are ------- forms of production 

2

5

4

3

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

---------- as a factor of production is a free gift of nature.

         

land

capital

labour

entrepreneur

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The reward for capital is _______

rent

interest

profit

wages/salaries

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The factor of production that organizes or coordinates other factors is

         

Entrepreneur

capital

labour

land

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

One of this is not a factor that could determine occupation.

         

Salary and Wages

Skill and Training 

Friend’s choice

Health factor

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Mining, Agriculture, Fishing are examples of --------form of occupation

         

Extractive 

Service

Construction

Manufacturing

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