The 4s

Question 1

4 factors of production

Answer 1

Land,Labor,Capital,Entrepreneurship

Question 2

4 functions of a business

Answer 2

Production, Marketing, Finance, Human Resources

Question 3

4 concepts of the business management curriculum

Answer 3

Creativity, sustainability, ethics, change

Question 4

4 sectors of the economy

Answer 4

Primary Sector, Secondary Sector, Tertiary Sector, Quaternary Sector

Question 5

Primary Sector

Answer 5

extraction and harvesting of natural resources. Example: Agriculture, such as wheat farming.

Question 6

Secondary Sector

Answer 6

manufacturing and processing. Example: Manufacturing, such as car production.

Question 7

Tertiary Sector

Answer 7

providing services. Example: Financial services, such as banking.

Question 8

Quaternary Sector

Answer 8

knowledge-oriented activities, including research and development. Example: Information technology, such as software development.

Question 9

Factors of production- land

Answer 9

natural resource

Question 10

Factors of production- labor

Answer 10

(human resources)

Question 11

Factors of production- capital

Answer 11

non natural resources physical like machines and infrastructure

Question 12

Factors of production-Entrepreneurship

Answer 12

brain of the business and knowledge.