Capital, as a Factor of Production, Includes Machines, Tools, Buildings

question 38

True/False

Capital, as a factor of production, includes machines, tools, buildings, information, and technology.

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Definitions:

Administrative Skills

The capabilities related to managing tasks, projects, and processes efficiently and effectively within an organization.

Effective Administrator

An individual who is adept at planning, organizing, directing, and controlling resources efficiently to achieve organizational goals.

Harvard Business Review

A prestigious management magazine that offers insights, research, and guides for business leaders and professionals worldwide.

Katz

Refers to Robert L. Katz's theory that identifies three core managerial skills essential for effective management: technical, human, and conceptual skills.