Entrepreneurship,as a Factor of Production,refers to

question 199

Multiple Choice

Entrepreneurship,as a factor of production,refers to

• A) the technology used by firms.
• B) the human capital accumulated by workers.
• C) the value of the firm's stock.
• D) the human resource that organizes labor, land, and capital.
• E) the capital the firm uses.

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Definitions:

Accommodation

In Piaget’s theory, the process by which schemas are modified or new schemas created in light of experience.

Sensory Awareness

The recognition and interpretation of sensory stimuli based primarily on touch, sight, sound, taste, and smell.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed during early childhood.

Cognitive-developmental Perspective

A psychological approach focusing on how cognitive abilities develop through different stages in life.