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Which of the Following Is Not a Factor of Production

question 93

Multiple Choice

Which of the following is not a factor of production?


Definitions:

Effect Uncertainty

The unpredictability regarding the potential outcomes or impacts of a decision or action.

Response Uncertainty

The inability to predict the outcomes of decisions or actions due to unpredictable external factors or incomplete information.

Environmental Uncertainty

The lack of predictability in the surrounding environment that impacts an organization's decision-making capabilities.

Response Uncertainty

The unpredictability about how a decision or action will be received or what outcomes it will produce.

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