The quality and quantity of production mostly depend on the?
effectiveness of factors
availibility of factors
level of education of enterpreneurs
level of cooperation among workers
Correct answer is A
When businesses can improve the efficiency of the factors of production, this leads to the creation of more goods at a higher quality and perhaps a lower price.
In the long run, all factors of production are?
fixed
variable
marginal
constant
Correct answer is B
The long-run is a period of time in which all factors of production and costs are variable.
The process of changing the form of a new material is known as?
fabrication
extraction
conversion
production
Correct answer is D
Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is simply the conversion of raw materials into semi-finished goods or goods.
i,iii and iv
iii and iv
iii and v
i, ii and v
Correct answer is B
The primary production stage of the supply chain encompasses agricultural activities, aquaculture, fisheries, and similar processes resulting in raw food materials. Form the question above, fishing and gardening are the only tasks that falls under primary production
The art of soaping-making is an example of?
primary occupation
secondary occcupation
tertiary occupation
construction occupation
Correct answer is B
Secondary production refers to the manufacturing and assembly process. It involves converting raw materials into components, for example, making plastics from oil as well as making soap from oils.