Which of the Following Is NOT a Factor of Production

question 283

Multiple Choice

Which of the following is NOT a factor of production?

• A) vans used by a bakery company for deliveries
• B) wilderness areas that have yet to be developed
• C) a person developing a production schedule for a new product
• D) 175 shares of Microsoft stock

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Definitions:

Holder in Due Course

A legal term describing a person who has acquired a negotiable instrument in good faith and has the right to collect on it, free from many defenses.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or a financial transaction with another party.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Confession of Judgment

A legal agreement in which a debtor permits a creditor to obtain a judgment against them without a trial.