The Key Distinction Between a Factor of Production and an Input

question 64

Multiple Choice

The key distinction between a factor of production and an input is that:

• A) an input is an enduring source of income, but a factor of production is used up in production.
• B) a factor of production earns income from selling its services over and over again, but an input cannot.
• C) an input earns income from selling its services over and over again, but a factor of production cannot.
• D) a factor of production has limited earning potential.

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Definitions:

Seamless Change

A method of implementing change in an organization in a way that minimizes disruptions and appears smooth and effortless to those involved.

Unfreezing

The recognition that some current state of affairs is unsatisfactory.

Organizational Change

A term referring to any alteration in the structure, operations, or culture of an entity that affects the way it conducts business.

Threat Is Perceived

Refers to the recognition or identification of a potential danger or harm in one's environment.