Factors of Production Include All but Which of the Following

question 49

Multiple Choice

Factors of production include all but which of the following?

• A) Land
• B) Labor
• C) Raw materials
• D) Ethnic diversity
• E) Managerial sophistication

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Definitions:

Change Work Inputs

Refers to modifications in the resources, processes, or materials used in a work environment to improve efficiency or outcomes.

Change Rewards Received

Incentives or benefits provided to individuals or teams for successfully implementing or adapting to organizational changes.

Instrumentalities

Represents the perceived connection between performance and outcomes in the context of motivation and expectancy theory.

Performance-Contingent Basis

A compensation or reward system where the payout or reward level depends on the achievement of specific performance targets or metrics.