Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A)Oil is classified as part of the resource category land.
• B)A person working for a company is classified  as part of the resource category capital.
• C)A machine in a factory is classified as part of the resource category land.
• D)A person with the particular talent for organizing the resources of land, labor, and capital to produce goods, seek new business opportunities, and develop new ways of doing things is classified as part of the resource category labor.

Analyze the impact of executive orders on workplace fairness and legal compliance.

Understand the significance of alternative dispute resolution methods in addressing workplace disputes.

Recognize the importance and impact of diversity management initiatives.

Know the legal foundations and protections related to employment discrimination, including those pertaining to sexual orientation.

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Definitions:

Product Class

A broad category of products that serve a similar function or are marketed in a similar manner but vary in features, quality, and price.

Product Line

A group of related products under a single brand offered by a company, catering to varied customer needs or preferences.

Yield Management Pricing

A pricing strategy that uses demand forecasting and flexibility in pricing to maximize revenue, often used in the hospitality and airline industries.

Dynamic Pricing

A pricing strategy where prices are adjusted in response to real-time supply and demand conditions, market volatility, or customer behavior.