If a Pizza Parlor Uses an Oven in Its Production

question 320

Multiple Choice

If a pizza parlor uses an oven in its production process, the oven is an example of which factor of production?

• A) capital
• B) entrepreneurial ability
• C) labor
• D) land

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Definitions:

Filing

The process of submitting documents to a specified entity or office for official recording and recognition.

Amendment

A formal change or addition made to a document, law, or constitution.

Reasonable Expenses

Costs that are deemed necessary and appropriate under given circumstances, often in a legal or business context.

Junior Lienholders

Creditors who have claims on a property that are ranked below other debts in terms of repayment priority in case of default.