Which of the Following Are Factors of Production? ​

question 216

Multiple Choice

Which of the following are factors of production? ​

• A) ​The outputs generated by the production process transforming land, labor, and capital in to goods and services.
• B) ​Restricted to 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) ​Just labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services.

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Definitions:

Data Processing

Data Processing involves the collection, manipulation, and interpretation of data to generate meaningful information suitable for decision-making processes.

Chief Executive Officer

The highest-ranking executive in a company, responsible for making major corporate decisions and managing the overall operations and resources.

Chief Operating Officer

A senior executive responsible for managing the day-to-day administrative and operational functions of a company.

Controller

A senior financial officer responsible for managing a company's accounting functions, including financial reporting, budgeting, and audits.