The Fifth Factor of Production Identified by Many Managers and Academicians

question 53

Multiple Choice

The fifth factor of production identified by many managers and academicians is:

• A)nanotechnology
• B)productivity
• C)quality
• D)social responsibility
• E)knowledge

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Definitions:

Petty Cash

Petty cash is a small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Miscellaneous Expense

Expenses that are not classified under any standard expense categories within the accounting system, often of a small or irregular nature.

Days' Cash

A measure of a company's financial stability, indicating how many days the company can continue to operate using only its available cash without needing additional income.

Year-end Value

The financial value of an asset or account as recorded at the end of the fiscal year, which is important for annual financial reporting.