What Is the Creation of Goods and Services Using the Factors

question 24

Multiple Choice

What is the creation of goods and services using the factors of production including land, labor, capital, entrepreneurship, and knowledge?

• A) Operations Management
• B) Productions Management
• C) Transformation process
• D) Production

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Definitions:

Pyroclastic Flow

a fast-moving current of hot gas and volcanic matter (such as ash) that moves away from a volcano during an explosive eruption.

Eruption Column

A column of gases, ash, and volcanic rock that is ejected into the atmosphere during a volcanic eruption.

Tephra

Fragmented material produced by a volcanic eruption regardless of size, composition, or emplacement mechanism.

Gas Flux

The rate of flow of gases into or out of a surface area.