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

Jamb Commerce Past Questions

Questions and Answers on Factors, characteristics, and rewards of production

Land
Labour
Capital
Entrepreneur

Question 31:

JAMB 2017

The factor of production that is relatively indestructible and immobile is _______?

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

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Question 32:

JAMB 2017

What is the reward accruable to land?

A. Rent
B. Profits
C. Wages
D. Interest

View Answer & Explanation

Question 33:

JAMB 2017

Risk bearing in business organisation is a function of the _____

A. Employees
B. Customers
C. Entrepreneur
D. Manager

View Answer & Explanation

Question 34:

JAMB 2017

Land as a factor of production does not vary in _______

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

View Answer & Explanation

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

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