Principles Of Business: Production Quiz

10 Questions | Total Attempts: 1019

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Principles Of Business Quizzes & Trivia

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

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