Which of the Following Is Not a Factor of Production

question 182

Multiple Choice

Which of the following is not a factor of production?

• A)the water used to cool a nuclear power plant
• B)the effort of farmers raising cattle
• C)the wages paid to workers
• D)the management skill of a small business owner
• E)the land used by a farmer to grow wheat

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Definitions:

Consumer Protection

Refers to laws and regulations designed to ensure the rights of consumers as well as fair trade, competition, and accurate information in the marketplace.

Bills Of Exchange Act

Legislation governing the creation, transfer, and obligations under bills of exchange, ensuring a legal framework for such financial instruments.

Obligations

Legal or moral commitments that compel an individual or organization to act or perform in a specified manner.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.