placeholder image to represent content

The four factors of production and their renumeration

Quiz by Glen Morris

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
39 questions
Show answers
  • Q1
    Which of the following is NOT one of the four factors of production?
    Land
    Consumer preferences
    Capital
    Labor
    30s
  • Q2
    Which factor of production refers to all natural resources used in the production process?
    Entrepreneurship
    Capital
    Labor
    Land
    30s
  • Q3
    Which factor of production refers to the payment made to landowners for the use of natural resources?
    Profit
    Rent
    Interest
    Wages
    30s
  • Q4
    Which factor of production refers to the physical and mental efforts of humans in the production process?
    Land
    Labor
    Entrepreneurship
    Capital
    30s
  • Q5
    Which factor of production refers to the man-made tools, equipment, and machinery used in the production process?
    Land
    Capital
    Labor
    Entrepreneurship
    30s
  • Q6
    Which factor of production refers to the ability and willingness of individuals to organize and combine the other factors of production?
    Entrepreneurship
    Land
    Labor
    Capital
    30s
  • Q7
    Which factor of production refers to the payment made to labor for their work?
    Profit
    Interest
    Rent
    Wages
    30s
  • Q8
    Which factor of production refers to the payment made to owners of financial capital?
    Rent
    Interest
    Profit
    Wages
    30s
  • Q9
    Which factor of production refers to the payment received by entrepreneurs for taking risks and organizing the other factors of production?
    Wages
    Interest
    Profit
    Rent
    30s
  • Q10
    Which factor of production involves the ability to combine the other factors and make decisions?
    Land
    Capital
    Entrepreneurship
    Labor
    30s
  • Q11
    Which 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
  • Q12
    What 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
  • Q13
    Which 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
  • Q14
    What 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
  • Q15
    What 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

Teachers give this quiz to your class