Which of the Following Relates Factors of Production to the Sources

question 25

Multiple Choice

Which of the following relates factors of production to the sources of income correctly?

• A)Labour earns rent.
• B)Land earns interest.
• C)Capital earns profit.
• D)Entrepreneurship earns rent.
• E)Land earns rent.

Apply financial tables or calculators for precise financial planning and calculations.

Develop strategies for saving and investing based on compounded interest calculations.

Distinguish between the computations of future value and present value.

Utilize practical examples to enhance comprehension of compounding and savings strategies.

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Definitions:

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled, encompassing the relationships among its stakeholders.

Board of Directors

A group of individuals elected by the shareholders of a company to oversee the management and make major decisions.

Top Management

The highest ranking executives in an organization, responsible for strategic decision-making and setting company direction.

Ethical Self-Governance

The personal commitment to behave according to one's own moral principles, often reflecting broader social or professional norms.