Which of the Following Is an Example of a Factor

question 153

Multiple Choice

Which of the following is an example of a factor of production?

• A) Medicare support payments
• B) workers hired to repair worn-out furniture
• C) interest on loans to purchase more capital
• D) rent on agricultural land
• E) profits paid to Apple stores

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Definitions:

Location

The particular place or position where a person or property, especially a business, is situated, influencing factors like accessibility, visibility, and convenience.

Customer

An individual or business that purchases goods or services from a company.

Gross Lease

A rental agreement where the landlord pays for all property charges regularly incurred by the ownership, such as taxes, insurance, and maintenance.

Base Monthly Rent

The recurring charge that a tenant agrees to pay each month for occupying a property, excluding additional fees or utilities.