Examlex
Which of the following is NOT a factor of production?
Moral Hazard
A situation where one party in a transaction has the opportunity to take risks because they know they will not have to bear all the consequences.
Best Interest
A consideration that prioritizes the well-being or advantage of a person or group.
Acceptable Business Behavior
Practices within a business that are considered ethical and proper by societal and professional standards.
Random Variable
A variable whose possible values are numerical outcomes of a random phenomenon.
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