The Factors of Production Are Best Defined as The

question 212

Multiple Choice

The factors of production are best defined as the:

• A)the factual description of the production process
• B)the labour used to produce goods and services
• C)wages paid to the workforce
• D)inputs used to produce goods and services

---

Definitions:

Information-processing Requirements

The cognitive and technical demands of a job, including the need to collect, process, and use information effectively.

Job Analysis

A systematic process of collecting and analyzing information about a job's tasks, responsibilities, and the required skills and qualifications.

HR Managers

Professionals responsible for overseeing the human resources department, including recruitment, retention, performance management, and compliance with employment laws.

Personnel Activities

Actions and tasks related to the management, development, and well-being of employees within an organization.