The Basic Factors of Production Include

question 60

Multiple Choice

The basic factors of production include

• A)Land,labor,money,and capital.
• B)Land,labor,money,and inputs.
• C)Labor and money.
• D)Land,labor,capital,and entrepreneurship.

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Definitions:

Hedge Accounting

Accounting techniques that modify the standard rules of accounting to recognize the offsetting effects on the financial statements of both the hedged item and the hedging instrument.

Mandatory

Required or obligatory; something that must be done or adhered to.

Optional

Referring to a choice or discretion available in a process or decision, where participation or selection is not mandatory.

Receivable

An amount of money owed to a business by its customers or clients for goods or services provided on credit.