Principles Of Business: Production Quiz

10 Questions | By Samuelsj2 | Updated: Mar 21, 2022 | Attempts: 1404

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The aim of the quiz is to test students on the production unit of the Principles of Business CSEC Syllabus.

Questions and Answers

1.

Production involves the creation of goods and services to satisfy the needs and wants of the:
- A.
  
  Producer
- B.
  
  Consumer
- C.
  
  Seller
- D.
  
  Exporter
2.

This factor of production includes all natural resources.
- A.
  
  Labour
- B.
  
  Extractive
- C.
  
  Land
- D.
  
  Enterprise
3.

Production of goods and services to satisfy the local and overseas market.
- A.
  
  Primary
- B.
  
  Surplus
- C.
  
  Consistence
- D.
  
  Subsistence
4.

Production at this level is aimed at producing enough to satisfy basic needs.
- A.
  
  Export
- B.
  
  Manufacturing
- C.
  
  Subsistence
- D.
  
  Surplus
5.

Production at the secondary level relies on this type of industry for its raw materials.
- A.
  
  Extractive
- B.
  
  Domestic
- C.
  
  Surplus
- D.
  
  Manufacturing
6.

Which of the following industries is operating at the secondary stage of production?
- A.
  
  Mining
- B.
  
  Fishing
- C.
  
  Agriculture
- D.
  
  Manufacturing
7.

Which of the following industries operates at the primary stage of production?
- A.
  
  Forestry
- B.
  
  Construction
- C.
  
  Transportation
- D.
  
  Communication
8.

Which of the following is a service industry?
- A.
  
  Manufacturing
- B.
  
  Tourism
- C.
  
  Construction
- D.
  
  Fishing
9.

Which of the following is not a primary industry?
- A.
  
  Mining
- B.
  
  Fishing
- C.
  
  Farming
- D.
  
  Building
10.

The payment returned to capital as a factor of production is:
- A.
  
  Rent
- B.
  
  Profit
- C.
  
  Interest
- D.
  
  Wages