All Factors of Production Are Found in Equal Amounts in All

question 47

True/False

All factors of production are found in equal amounts in all businesses.

---

Definitions:

Decentralised Organisation

An organizational structure where decision-making power is distributed throughout various levels and departments rather than being centralized at the top.

Management Change

The process, initiative, or event that involves a significant shift in a company's management structure or strategy.

Business Unit

A segment within a larger organization that operates independently with its own strategy and financial objectives.

Profit Components

Specific elements that contribute to a company's profit, including revenue, cost of goods sold, operating expenses, and other income or costs.