What does labour refer to?

Workers doing intellectual and phisical activities

What is intellectual capital ?

Technological expertise , trade secrets, business processes

What is meant by production function?

Factors and company's output relationship

What does the term " factors of production " describe ?

The inputs necessary to produce goods and services

What does "social capital" mean ?

Ability to operate according to agreements and law

What does entrepreneur do in production?

Entrapreneur ties the other three factors togheter

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Factors of production

13 termsStudBud Administration255 plays

Land, labour, capital, entrepreneur

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Questions 13

Answers

1
What does labour refer to?
Men doing only intellectual activities
Men doing outside activities
Workers doing intellectual and phisical activities
Men doing only phisical activities
2
What is intellectual capital ?
Technological expertise , trade secrets, business processes
business processes
trade secrets
technological expertise
3
Which factor does not fall within the category of land ?
A building
Water
Coal
Some trees
4
What does the entrapreneur provide in the use of the other factors?
Innovation
Risk
Capital
Creativity and Innovation
5
What is meant by production function?
Land and company's output
Company's output in general
Labour and company's output
Factors and company's output relationship
6
What does the term " factors of production " describe ?
The outputs caming from production
An economic word
The inputs necessary to produce goods and services
Some production devices
7
Which are the factors where economists focus on mainly?
Labour and entrepreneurship
Capital and Land
Capital and Labour
Land and labour
8
What factor of production buildings, machines, and tools are referred to ?
Something immaterial used in the production
Something material used in the production
Land
Capiatal
9
What are factors of production used for?
To fight against misery
To produce goods and services
To make useful things
To allow people have fun
10
What does "social capital" mean ?
Workers' ability to operate on social networks
Ability to operate according to agreements and law
Workers' ability to do business in the society
Workers' abiity to operate on their own
11
What do factors of production consist of?
Natural substances
land, labour, capital, entrepreneur
Immaterial ideas
Material things or immaterial things
12
Is the term land referred also to raw materials coming from land?
Only when the land is cultivated
Never
Sometimes
Always
13
What does entrepreneur do in production?
Entrapreneur ties the other three factors togheter
Entrapreneur ties labour and capital
Entrapreneur does'not tie any factors in production
Entrapreneur chooses capital

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