What Are the Two Factors of Production Considered in the Factor

question 47

Multiple Choice

What are the two factors of production considered in the factor proportions theory?

• A)Technology and capital
• B)Land and labor
• C)Labor and capital
• D)Capital and land
• E)Labor and technology

Know the disadvantages and challenges faced by corporations compared to sole proprietorships.

Recognize not-for-profit organizations and their roles.

Understand the taxation and profit distribution in different business forms.

Understand the concept of relevant and irrelevant costs in decision-making.

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Definitions:

Stimulant Drug

A type of drug that increases activity in the body or brain, leading to increased alertness, attention, and physical energy.

Cocaine

Cocaine is a powerful stimulant drug derived from the leaves of the coca plant, which is illegal in many countries and can lead to severe addiction and health problems.

Neural Activity

The electrical and chemical processes that occur within neurons, contributing to brain functions such as thought and action.

Meditation

A practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.