Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Business Knowledge Quiz: FA3, Occupation and Specialization

10 Questions

2 Views

Business Knowledge Quiz: FA3, Occupation and Specialization

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary role of an entrepreneur in a business?

To manage the business and co-ordinate the factors of production (correct)

To extract raw materials from nature

To manufacture finished goods

To provide labour

What is an example of human capital as a factor of production?

A mineral deposit

A machine used in a factory

A plot of land used for farming

A managing director's skills and experience (correct)

What type of industry involves converting raw materials into finished goods?

Primary industry

Extractive industry

Service industry

Manufacturing industry (correct)

What is the term used to describe the physical assets available for present use in the production of goods and services?

Capital Signup and view all the answers

What is the most important extractive industry in Malawi?

Agriculture or farming Signup and view all the answers

What is an example of an extractive industry in Malawi?

Tea-picking in Thyolo and Mulanje districts Signup and view all the answers

Who is an example of labour as a factor of production?

A managing director Signup and view all the answers

What is the term used to describe the natural resources available for use in the production of goods and services?

Land Signup and view all the answers

What is an example of a mineral deposit identified in Malawi?

All of the above Signup and view all the answers

What is the primary role of labour as a factor of production?

To engage in the production of goods and services Signup and view all the answers