Refer to the Following Table to Answer the Following Questions

question 155

Multiple Choice

Refer to the following table to answer the following questions:
-Which of the following is NOT a component of M2?

• A) currency
• B) traveler's checks
• C) checking accounts
• D) savings accounts
• E) gold

Identify differences between leadership and management.

Recognize the key competencies necessary for employee effectiveness across all levels.

Interpret the role of vision and values in inspiring organizational leadership.

Describe the importance and components of ethical behavior in organizations.

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Definitions:

Factors of Production

Resources used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.

Circular-Flow Diagram

An illustrative depiction of the economy, highlighting the movement of currency among firms and households within different markets.

Goods and Services

Products and activities that fulfill the needs or desires of consumers, with goods being tangible objects and services being intangible activities.

Factors of Production

The inputs used to produce goods and services, typically classified into four main categories: land, labor, capital, and entrepreneurship.