WEEKLY
ASSIGNMENT 05
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Grade:
08
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Date:
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Due
on:
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Class:
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Index:
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Name:
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Exercise
01. Complete the following table.
Features of Land
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Features of Labour
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Exercise
02. Complete the following table.
Importance of
Entrepreneur
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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
