The Four Factors of Production Are

question 100

Multiple Choice

The four factors of production are

• A) land, labor, capital, and money.
• B) land, labor, capital, and entrepreneurial ability.
• C) labor, capital, technology, and entrepreneurial ability.
• D) labor, capital, entrepreneurial ability, and money.

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Definitions:

Line Managers

Managers who have direct responsibility for managing employees and operations, acting as a link between higher management and the workforce.

Technical Expertise

Specialized knowledge or skills in a particular area of technology or science.

Line Workers

Employees who are directly involved in the production process of a factory or in the operation of a service company.

Board of Directors

A group of individuals elected by shareholders to oversee and govern a corporation's management and major decisions.