The four factors of production and their renumeration
Quiz by Glen Morris
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
39 questions
Show answers
- Q1Which of the following is NOT one of the four factors of production?LandConsumer preferencesCapitalLabor30s
- Q2Which factor of production refers to all natural resources used in the production process?EntrepreneurshipCapitalLaborLand30s
- Q3Which factor of production refers to the payment made to landowners for the use of natural resources?ProfitRentInterestWages30s
- Q4Which factor of production refers to the physical and mental efforts of humans in the production process?LandLaborEntrepreneurshipCapital30s
- Q5Which factor of production refers to the man-made tools, equipment, and machinery used in the production process?LandCapitalLaborEntrepreneurship30s
- Q6Which factor of production refers to the ability and willingness of individuals to organize and combine the other factors of production?EntrepreneurshipLandLaborCapital30s
- Q7Which factor of production refers to the payment made to labor for their work?ProfitInterestRentWages30s
- Q8Which factor of production refers to the payment made to owners of financial capital?RentInterestProfitWages30s
- Q9Which factor of production refers to the payment received by entrepreneurs for taking risks and organizing the other factors of production?WagesInterestProfitRent30s
- Q10Which factor of production involves the ability to combine the other factors and make decisions?LandCapitalEntrepreneurshipLabor30s
- Q11Which of the following is a characteristic of intrapreneurs?They take high financial risks.They prioritize short-term profits.They operate within an existing organization.They have full control over their ventures.30s
- Q12What is a common characteristic of entrepreneurs?They take high financial risks.They have limited decision-making authority.They operate within an existing organization.They rely on external funding.30s
- Q13Which statement best describes the decision-making authority of intrapreneurs?They have limited decision-making authority.They prioritize short-term profits.They rely on external funding.They have full control over their ventures.30s
- Q14What is a similarity between intrapreneurs and entrepreneurs?Both prioritize short-term profits.Both operate within an existing organization.Both rely on external funding.Both strive for innovation and new opportunities.30s
- Q15What is the tax arrangement for a sole proprietorship?Taxation is paid by the employees.Taxation is paid by the owner.Taxation is paid by the government.Taxation is shared with other business owners.30s