What Do You Know About Production? Trivia Quiz
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Business is centered in production, which is a process of transforming inputs into goods or services that are sent out to the market or prospective customers. According to the business classes, how well have you understood the production process and what is needed for it to go smoothly? This quiz is to test student’s ability on how much they know about production, which is a significant aspect of the business.
- 1.
- A.
The allocation of resources
- B.
The creation of goods and services
- C.
The exchange of goods and services
- 2.
- A.
To satisfy human wants ONLY
- B.
To satisfy human needs ONLY
- C.
To satisfy BOTH wants and needs
- D.
None of the above
- 3.
- A.
Primary factor, secondary factor, tertiary factor
- B.
Subsistence, domestic, export
- C.
Land, labour, capital, enterprise/entrepreneur
- 4.
- A.
Profit
- B.
Rent
- C.
Wages
- D.
Interest
- 5.
- A.
Interest
- B.
Profit
- C.
Wages/salaries
- D.
Rent
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