Which of the Following Is Not a Factor of Production

question 14

Multiple Choice

Which of the following is not a factor of production?

• A)Land
• B)Money
• C)Capital
• D)Labor
• E)Entrepreneurship

Calculate total budgeted cash disbursements for raw materials purchases.

Understand cash budgeting including the minimum cash balance requirements and financing needs.

Prepare a detailed selling and administrative expense budget.

Analyze and calculate the cost and amount of raw materials required for production.

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Definitions:

Product Design

The process of creating a new product to be sold by a business to its customers, encompassing concept, development, and manufacturing stages.

Regulation

Rules or directives made and maintained by an authority to regulate behavior, usually in the form of laws or regulations.

High Profits

Significant financial gains exceeding the average or expected profit margins in a business's operations.

Regulated Industries

Industries that are subject to governmental oversight and control to ensure fairness, safety, and adherence to certain standards or regulations.