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Production - JSS1 Business studies Past Questions and Answers - page 1

1
What is production?
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A

Creating goods and services to satisfy human wants.

B

Selling goods in the market.

C

Extracting resources from nature.

D

None of the above.

2
Which industry involves obtaining raw materials from nature?
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A

Extractive Industry.

B

Manufacturing Industry.

C

Constructive Industry.

D

Commerce Industry.

3
What does the manufacturing industry involve?
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A

Converting raw materials into finished goods.

B

Providing transportation services.

C

Storing goods in warehouses.

D

None of the above.

4
Which type of production involves building roads and bridges?
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A

Extractive Industry.

B

Manufacturing Industry.

C

Constructive Industry.

D

Commerce Industry.

5
What is commerce production primarily concerned with?
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A

Exchange of goods and services.

B

Extraction of raw materials.

C

Manufacturing finished goods

D

Providing personal services.

6
Which commerce activity involves buying and selling goods between parties?
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A

Trade

B

Transportation

C

Warehousing

D

Manufacturing

7
What type of service involves providing healthcare and education?
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A

Personal Services

B

Business Services

C

Social Services

D

Manufacturing Services

8
Which industry involves providing consulting and accounting services?
View related lesson
A

Personal Services

B

Business Services

C

Social Services

D

Extractive Industry

9
Which industry involves mining coal and drilling for oil?
View related lesson
A

Extractive Industry

B

Manufacturing Industry

C

Constructive Industry

D

Commerce Industry

10
What is the primary focus of the extractive industry?
View related lesson
A

Obtaining raw materials from nature

B

Manufacturing finished goods

C

Providing personal services

D

None of the above