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Which Factor of Production Is Paid "Profit

question 34

Multiple Choice

Which factor of production is paid "profit"?


Definitions:

Breach Of Contract

Neglecting to comply with any aspect of a contract, documented or verbal, without a lawful excuse.

Rescission

The legal act of cancelling or terminating a contract, returning the parties, as much as possible, to their positions prior to entering the agreement.

Rebuilt Transmission

A vehicle transmission that has been disassembled, inspected, repaired, and reassembled with new or refurbished components to meet original specifications.

Tort Of Deceit

A legal wrong involving intentional misrepresentation or concealment of truth leading to damage or injury to another.

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