Business Resources Quiz

What is one of the key resources a business needs to operate?

• Land

• Marketing

• Branding

• Social Media

What resource is represented by a group of people in business attire?

• Land

• Labour

• Capital

• Enterprise

What is capital in the context of business finance?

• Money invested by the owner

• Money borrowed from a bank

• Daily operational expenses

• Employee salaries

Which of the following is considered a capital item?

• Office supplies

• A van

• Utility bills

• Employee wages

What does the term "Enterprise" refer to in a business context?

• A large corporation

• The person with the idea and skills to bring other factors together

• A type of investment

• A government agency

What is secondary production in business?

• Businesses that provide services to consumers

• Businesses that take raw materials and manufacture products

• Businesses that focus on research and development

• Businesses that sell finished products directly to consumers

What type of businesses are involved in tertiary production?

• Businesses that manufacture goods

• Businesses that provide a service

• Businesses that extract raw materials

• Businesses that sell agricultural products

Why is land important for businesses in tertiary production?

• It is used for growing crops

• It is needed for mining resources

• It needs to be close to customers

• It is used for storing goods

Why is labor important for businesses in tertiary production?

• To produce raw materials

• To offer an excellent service

• To transport goods

• To manage inventory

What would happen to businesses without enterprise?

• They would thrive.

• They would have no financial issues.

• There would be no business.

• They would expand rapidly.