
POB Unit 1 Revision for Class Test
Authored by Rahimah Rahmat
Business
Professional Development
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business is a general term that describes the use of _____ and activities to produce goods or provide services essential in our daily lives to satisfy the needs of our society.
resources
expenses
demand
people
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The objectives of a business for the owner is to provide him with _____ and personal satisfaction.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors of production are resources used by businesses to generate outputs for ____________.
society
government
nature
businesses
suppliers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor of production?
land
labour
entrepreneurship
capital
profit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ refers to all natural resources / tangible inputs used in the production process.
Land
Labour
Capital
Entrepreneurship
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_________ refers to the physical and mental input of the people who work for the business to produce goods and services.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The funds necessary to finance the operation of a business is known as
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