Which of the Following Is Not a Factor of Production

question 16

Multiple Choice

Which of the following is not a factor of production?

• A)Land
• B)Labor
• C)Raw materials
• D)Competitive forces
• E)Managerial sophistication

Distinguish between transactions that affect cash, net income, and different sections of financial statements.

Recognize how revenue and expenses are reported and their impact on net income and financial statements.

Understand the classification of items on the balance sheet and the distinction between assets, liabilities, and equity.

Calculate net income given a set of financial information.

---

Definitions:

HR Supply Forecasting

The process of predicting the future availability of human resources in the organization in terms of quantity and quality.

HR Supply

The available pool of candidates that an organization's human resources department can draw upon to fill positions.

Demand Requirements

The specific needs or conditions that must be met for a service, product, or project, often detailing quantities, specifications, and timing.

External Environmental Supply

The provision of resources or inputs to an organization from its external environment, which can include materials, information, or energy.