Which of the Following Is Not an Example of a Factor

question 56

Multiple Choice

Which of the following is not an example of a factor of production?

• A) A lake.
• B) A cow.
• C) A union leader.
• D) Dollars.

---

Definitions:

Creditor

An individual or entity that is owed money by another party, often in the context of loaning funds or issuing credit.

Liability

The financial liabilities or obligations a company is legally bound to settle, which emerge in the process of conducting its business activities.

Owner's Equity

The amount of ownership an individual or entity has in a company, represented by the assets minus liabilities and often seen as the owner's claim against the company's assets.

Total Liabilities

The combined amount of debts and obligations that a company owes to outside parties at any given time.