Suppose That Chloe Opens a Dog Grooming Business in a Local

question 53

Multiple Choice

Suppose that Chloe opens a dog grooming business in a local shopping center. Which of the following would be an example of a factor of production used by Chloe?
(i) her employees' time
(ii) brushes, combs, scissors, and clippers
(iii) shampoo, water, and flea prevention treatments
(iv) Chloe's time spent on bookkeeping and bill paying

• A)(i) only
• B)(i) and (ii) only
• C)(i), (ii), and (iii) only
• D)(i), (ii), (iii), and (iv)

---

Definitions:

Job Skills

The expertise, abilities, and competencies that enable an individual to perform specific tasks and functions effectively in their professional role.

Training Costs

Expenses associated with developing skills and knowledge of employees or individuals through structured learning experiences.

Skill-based Pay

A compensation system that determines an employee's pay based on their skills, rather than their job title or position.

Basic Dimensions

Fundamental aspects or components that define or measure the characteristics of a system or entity.