Which of the Following Is NOT a Factor of Production

question 103

Multiple Choice

Which of the following is NOT a factor of production?

• A) the water used to cool a nuclear power plant
• B) the effort of farmers raising cattle
• C) the wages paid to workers
• D) the management skill of a small business owner

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Definitions:

Training Costs

Expenses associated with the process of providing employees with the skills and knowledge required for their job, including materials, facilities, and instructor salaries.

Vestibule Training

A method of job training where employees are trained in a separate area with equipment similar to that used on the job to reduce the learning curve without impacting ongoing operations.

Selection Process

The method by which organizations evaluate and choose from a pool of candidates to fill job vacancies, typically involving steps like screening, interviewing, and testing.

Qualified Recruits

Individuals who meet or exceed the requirements and qualifications for a particular job or position.