Which of the Following Is NOT Considered One of the Factors

question 21

Multiple Choice

Which of the following is NOT considered one of the factors of production?

• A) land
• B) labor
• C) capital
• D) technology
• E) entrepreneurship

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Definitions:

Bank Reconciliation

The process of comparing and adjusting an entity’s accounting records with the bank statements to ensure accuracy and consistency.

Monthly Basis

A regular interval or frequency of events or assessments occurring once every month.

Proving Accuracy

The process of ensuring that financial records and transactions are correct, precise, and free from error.

Cash Records

Documentation and tracking of all cash transactions, including receipts and expenditures, crucial for accurate financial reporting.