The Factors of Production Are Which of the Following

question 148

Multiple Choice

The factors of production are which of the following?

• A) The outputs generated by the production process of transforming land, labor, and capital into goods and services.
• B) The land resources, such as natural resources, that are unimproved by human economic activity.
• C) Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories).
• D) Labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services.

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Definitions:

Typical Merger

A transaction where two or more companies combine to form a new entity, often aiming for market expansion or diversification.

Senior Management

The highest level of executives who are responsible for the strategic direction and decisions of an organization.

Being Acquired

The process in which a company is purchased by another company, resulting in the acquired company possibly becoming a subsidiary of the acquiring company.

Acquisition

The act of acquiring control of another corporation or its assets through purchase or stock exchange.