Land, Labor, and Capital Are Examples of Factors of Production

question 109

True/False

Land, labor, and capital are examples of factors of production.

Grasp the concepts of equity theory, including how perceptions of inequity can impact work behavior and efforts to restore equity.

Understand the expectancy theory of motivation, including the roles of expectancy, instrumentality, and valence in influencing motivation.

Comprehend goal-setting theory, how goal specificity and difficulty affect performance, and the importance of participatory goal setting.

Recognize the psychological and behavioral responses to perceived inequities in the workplace and strategies for addressing them.

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Definitions:

Return On Equity

A measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholders' equity.

Profit Margin

A financial metric used to assess a company's profitability by comparing net income to sales. It's often expressed as a percentage indicating how much of each dollar in sales a company keeps as profit.

Equity Multiplier

A ratio of financial leverage showing the portion of a company's assets financed through shareholders' equity.

Statement Of Financial Position

Financial statement showing a firm’s accounting value on a particular date. Also known as a balance sheet.