Which of the Following Correctly Lists the Categories of Factors

question 148

Multiple Choice

Which of the following correctly lists the categories of factors of production?

• A) land, labor, capital, and entrepreneurship
• B) land, buildings, capital, and entrepreneurship
• C) labor, machines, buildings, capital, and entrepreneurship
• D) forests, fish, buildings, capital, and entrepreneurship
• E) labor, money, stocks, and bonds

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Definitions:

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their own interests for the good of the group or organization.

Elitist

Pertaining to or reflective of the belief that a society or system should be led by an elite group of individuals.

Anti-democratic

Referring to principles, actions, or ideologies that oppose democracy, which is a system of government where power is vested in the hands of the people, often through elected representatives.

Elitist

Pertaining to a belief or attitude that a select group of people with a certain ancestry, intrinsic quality, high intellect, wealth, or who have specific, desirable affiliations are entitled to lead or enjoy special status.