What Are the Four Factors of Production That Combine to Contribute

question 76

Multiple Choice

What are the four factors of production that combine to contribute to the wealth of nations?

• A) incentives,institutions,organization,and technical knowledge
• B) international trading partners,natural resources,efficient government,and low taxes
• C) human capital,physical capital,technical knowledge,and organization
• D) property rights,honest government,political stability,and a dependable legal system

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure accuracy and consistency.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against, resulting in a non-sufficient funds status.

Debit Memo

A document issued by a buyer to a seller indicating a debit made in the seller's account, often due to returns, allowances, or discrepancies in billing.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.