Which of the Following Is Not a Factor of Production

question 74

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)$1,000 in cash

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Definitions:

Stakeholders

Individuals or groups who have an interest in the decisions and actions of an organization because they are affected by or can affect its outcomes.

New Knowledge

Information, understandings, or insights that have been discovered or developed, contributing to the expansion of a field or discipline.

HR Policies

The formal rules and guidelines that businesses establish to manage their employees and to set clear expectations about workplace procedures.

Horizontal Alignment

The coordination and integration of activities, strategies, and operations across the same level of an organization to ensure congruence with its goals.