The factor of production that is subject to depreciation is?
capital
land
labour
entrepreneur
Correct answer is A
Capital depreciates because its value is inconsistent
The rewards of rents, wages, interests and profits accrue from?
capital, labour, land and enterpreneur respectively
land, enterpreneur,labour and capital respectively
land, labour, capital and entrepreneur respectively
labour, enterpreneur, land and capital respectively
Correct answer is C
The reward of land is rent
The reward of labour is wages
The reward of capital is interest
The reward for entrepreneur is profits.
Hence we have, land, labour, capital and entrepreneur
Manufacturing and constructive activities are classified under?
primary production
tertiary production
secondary production
direct service
Correct answer is C
Secondary production: this is the manufacturing and assembly process. It involves converting raw materials into components, for example, making plastics from oil. It also involves assembling the product, eg building houses, bridges and roads.
A doctor who attends to patients at home after his official duty is?
a community develoment worker
a direct service worker
an indirect sevice worker
a direct and an indirect sevice worker
Correct answer is B
Direct services means services delivered by an employee in the physical presence of the Person. Example services providing therapy, habilitation, or rehabilitation activities or support services such as transportation.
Which of the following can be used to differentiate skilled and unskilled labour?
Education and training
Available resources
Level of commitment
Salaries and wages
Correct answer is A
Unskilled labor, when measured by educational attainment, refers to jobs that require a high school diploma only, or could be filled by a high school dropout who masters specific skills. Skilled labor requires additional skills or education.