The Demand for a Factor of Production Depends on The

question 96

Multiple Choice

The demand for a factor of production depends on the:

• A) supply of the factor.
• B) supply of other factors of production.
• C) demand for other factors of production.
• D) demand for the products that it helps to produce.

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Definitions:

Corporate Articles

Also known as Articles of Incorporation, these are formal documents filed with a government body to legally document the creation of a corporation.

Bylaws

Written rules and regulations that govern the internal management of an organization, corporation, or entity.

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a right to a portion of the corporation's profits and assets.

Unanimous Vote

A voting outcome where all members of a group fully agree on a decision or proposal.