A Firm's Inputs Are Also Known as Its

question 59

Multiple Choice

A firm's inputs are also known as its

• A) outputs.
• B) profits.
• C) factors of production.
• D) revenues.
• E) costs.

---

Definitions:

Supplier Factories

Manufacturing facilities that produce goods or components for other companies, under contract or agreement.

Self-Serving Bias

The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors when judging others' behaviors.

Self-Fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.