When Considering the Factor Distribution of Income,which of the Following

question 67

Multiple Choice

When considering the factor distribution of income,which of the following income is represented as proprietor income?

• A)Rent
• B)Interest
• C)Labor or capital factors that proprietors put into their businesses
• D)All of these go to owners of proprietor income.

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Definitions:

Units

A measure of quantity, often used in inventory management, production, and accounting, to quantify items or services.

Variable Cost

Rephrased: Expenses that vary with production output or business activity levels.

Units

A basic measure of the quantity of a product or service produced or sold.

Sold

The completion of a transaction where goods or services are exchanged for money.