Production questions | form one Commerce

The capital employed is obtained by
A adding current assets to current liabilities
B adding current assets to total liabilities
C adding total assets to total liabilities
D adding total assets to working capital
E adding total liabilities to working capital.

Answer / Solution

UNSOLVED

Production can generally be classified as

1. Constructive, extractive and manufacturing industries
2. Industries, commerce and direct services
3. Industries, trade and aids to trade
4. Home trade, aids to trade and direct services
5. Foreign trade, aids to trade and direct services

Answer / Solution

UNSOLVED

Making goods for one’s own consumption is termed as:
A. direct production
B. indirect production
C. self employment
D. self services

Answer / Solution

UNSOLVED