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

Question 21:

• JAMB 2010

The conversion of raw materials into finished goods leads to the creation of?

A. Form utility
B. Product utility
C. Possession utility
D. Place utility

Question 22:

• JAMB 2011

Resources obtained from the extractive sector that are transformed into finished products are examples of

A. Primary production
B. Tertiary production
C. Direct production
D. Secondary production.

Question 23:

• JAMB 2012

One of the inputs in production that can be motivated by remuneration is

A. Capital
B. Enterpreneur
C. Labour
D. Land

Question 24:

• JAMB 2013

The type of labour that makes use of physical effort in production processes is the

A. Unskilled labour
B. Skilled labour
C. Blue-collar job
D. White-collar job

Question 25:

• JAMB 2013

The type of labour that makes use of physical effort in production processes is the

A. Unskilled labour
B. Skilled labour
C. Blue-collar job
D. White-collar job