The Factors of Production Are Best Defined as The

question 212

Multiple Choice

The factors of production are best defined as the:

• A)the factual description of the production process
• B)the labour used to produce goods and services
• C)wages paid to the workforce
• D)inputs used to produce goods and services

---

Definitions:

Leader Behavior

Refers to the actions and conduct of individuals in leadership positions, including how they manage, motivate, and guide their followers.

Competence And Commitment

The combination of an individual's skill level and dedication towards a task or role.

Internal Locus Of Control

The belief that one has control over the events in their life, as opposed to being controlled by external forces.

Participative Leadership

A leadership style where leaders encourage members to contribute ideas and participate in decision-making processes.