When Considering the Factors of Production,it Is Correct to Say

question 201

Multiple Choice

When considering the factors of production,it is correct to say that

• A)natural resources are evenly distributed across different countries.
• B)they are managed differently in different countries.
• C)capital is the most "unfair" factor of production.
• D)entrepreneurs are a factor of production only in certain countries (e.g. ,China).
• E)technology is the most important factor of production.

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Definitions:

Staff Managers

are individuals who advise and support line managers by providing expert knowledge, services, and advice in their area of specialization.

Technical Expertise

Specialized knowledge or skills in a specific field or area of technology, acquired through education, training, or professional experience.

Line Managers

Supervisors or managers who are directly responsible for overseeing the day-to-day work of other employees.

Planning

The process of making plans for something, including setting goals and determining the steps and resources needed to achieve those goals.