BIGVILLE COLLEGE BUSINESS STUDIES JS1 3RD TERM

BIGVILLE COLLEGE BUSINESS STUDIES JS1 3RD TERM

7th Grade

30 Qs

quiz-placeholder

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BIGVILLE COLLEGE BUSINESS STUDIES JS1 3RD TERM

BIGVILLE COLLEGE BUSINESS STUDIES JS1 3RD TERM

Assessment

Quiz

Business

7th Grade

Hard

Created by

Olatunji Anuoluwapo

Used 1+ times

FREE Resource

30 questions

Show all answers

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

  1. 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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