Which of the Following Is Not a Factor of Production

question 73

Multiple Choice

Which of the following is not a factor of production?

• A)An acre of farmland
• B)A drill press in a machine shop
• C)The manager of the local tire shop
• D)$1000 in cash

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Definitions:

Breach of Contract

The failure to fulfill the terms agreed upon in a contract, whether by not performing duties, providing defective goods, or any other non-compliance.

Contractor

An individual or firm that agrees to provide materials or perform services for another party under the terms of a contract.

Claiming Compensation

The act of seeking monetary reimbursement for harm, loss, or damages suffered because of another's actions or negligence.

Recover Damages

Refers to the obtainment of financial compensation for harm or loss suffered, through a legal process.