To Earn Income,people Sell the Services of the Factors of Production

question 128

Multiple Choice

To earn income,people sell the services of the factors of production they own.Land earns ________;labour earns ________;capital earns ________ and entrepreneurship earns ________.

• A)profit;wages;rent;interest
• B)wages;interest;profit;rent
• C)rent;wages;interest;profit
• D)profit;interest;wages;rent
• E)interest;profit;rent;wages

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Definitions:

Active Behavior

Engaging in actions that are intentional and purposeful.

360-degree Feedback

A process of self-evaluation and evaluations by a manager, peers, direct reports, and possibly customers.

Self-evaluations

The process by which individuals assess their own performance, strengths, and areas for improvement.

Evaluation Interviews

Structured interactions where an individual's performance, preferences, or capabilities are assessed through dialogue.