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Grade 08: Weekly Assignment 05

WEEKLY ASSIGNMENT 05
Grade: 08           
Date: 
Due on: 
Class:

Index:
Name:


Exercise 01. Complete the following table.
Features of Land
Features of Labour
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Exercise 02. Complete the following table.
Importance of Entrepreneur
Functions of Entrepreneur
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Exercise 03. Identify Fixed capital (F) and Working capital (W) from the list given below.

Computer          [   ]       Seeds               [   ]       Timber             [   ]
Tools                 [   ]       Premises           [   ]       Land                [   ]
Raw materials    [   ]       Factory              [   ]       Machinery          [   ]

Exercise 04. State whether the following statements are True (T) or False (F).

1.     Entrepreneur is not a factor of production
2.     Land refers to all man-made resources
3.     Reward for capital is called interest
4.     Land is a replaceable resource
5.     Labour is inseparable from man
6.     Fixed capitals are used up in the production process
7.     Automation can increase the future output
8.     Entrepreneurs make take decisions but do not bear risks
9.     Productivity of labour is measured in terms of output per man hour
10.  Labour differs in efficiency
11.  Profit is the reward for labour
12.  Salary is a weekly payment
13.  Land includes natural resources
14.  Training and retraining facilitates occupational mobility of labour

Exercise 05. Underline the one you consider correct

1.  Which of the following is a gift of nature?
            A          factory            
B          minerals
C          roads              
D          tools

2.  Which of the following is not a part of factor of production ‘land’?
            A          artificial harbors    
B          rivers
C          forests
D          minerals

3.  Entrepreneur can best be described as
            A          all man-made tools and machines
            B          all natural resources
C          the physical and mental work of people
            D          all managers and organizers

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