Factors, characteristics, and rewards of production - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 2001

A distinguishing characteristic of labour is that it is

A. Constant
B. Expensive
C. Mobile
D. Cost

Question 7:

• JAMB 2001

Land as a factor of production does not vary in?

A. Quantity
B. Nature
C. Quality
D. Cost

Question 8:

• JAMB 2002

Capital as a factor of production can be used as?

A. Money that is regarded as assets
B. Goods that are useful in business
C. Input for further production
D. Services that provide satisfaction

Question 9:

• JAMB 2003

Entrepreneurship mainly involves?

A. Risk-taking
B. Initiating
C. Skilled manpower
D. Knowledge

Question 10:

• JAMB 2003

Which oft these factors of production is relatively fixed in supply?

A. Capital
B. Enterpreneuer
C. Human resources
D. Natural resources