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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is capital in the context of production?
💡 Hint: Think of examples like tools and machinery.
Question 2
Easy
Name one type of fixed capital.
💡 Hint: Consider items that last a long time in production.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does capital refer to in economics?
- Natural resources
- Man-made resources
- Human labor
💡 Hint: Think about resources created by humans.
Question 2
True or False: Working capital is used in production and is typically lasting.
- True
- False
💡 Hint: Consider the lifespan of this type of capital.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
If a business invests in more machinery (fixed capital), explain how this decision could impact operational costs in the long run.
💡 Hint: Consider the future savings against the upfront costs.
Question 2
Analyze how the availability of working capital can affect a company's ability to meet customer demand during a peak season.
💡 Hint: Think about how inventory management is connected to working capital.
Challenge and get performance evaluation