Which of the Following Is Not a Factor of Production

question 73

Multiple Choice

Which of the following is not a factor of production?

• A)An acre of farmland
• B)A drill press in a machine shop
• C)The manager of the local tire shop
• D)$1000 in cash

Recognize key personal traits for sales success and their impact on sales performance.

Understand the process and considerations in sales force creation and management.

Differentiate between various sales roles and their objectives within the sales process.

Appreciate the complexities of sales performance evaluation, including ethical dilemmas and assessment methods.

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Definitions:

Net Method

An accounting method that records the net of discounts or expenses directly on invoices at the time of purchase or sale.

Selling Price

The price at which a product or service is sold to customers, reflecting the cost plus any added profit margin.

Acquisition Differential

This refers to the difference between the purchase price of a company and the fair value of its identifiable net assets.

Straight Line Amortization

A method of gradually writing off the initial cost of an asset over its useful life in equal installments.