Which of the Following Is NOT a Factor of Production

question 443

Multiple Choice

Which of the following is NOT a factor of production?

• A) mineral resources
• B) a university professor
• C) an apartment building
• D) 100 shares of Microsoft stock

---

Definitions:

Long-Range Forecasts

Predictions about future events or trends that extend far into the future, often used in strategic planning and resource allocation.

Forecasting Steps

A sequential approach to predict future events or trends, involving data collection, analysis, model selection, and results validation.

Business Subject

An area of study within the field of business, focusing on topics such as marketing, finance, operations, and management.

Time-Series Forecasting

The process of analyzing time-ordered data points to predict future values or trends based on historical patterns.