Which of the Following Is Purchased in a Factor Market

question 150

Multiple Choice

Which of the following is purchased in a factor market?

• A)A bag of jellybeans.
• B)National defense.
• C)The labor of a state university professor.
• D)A motorized scooter used for commuting by a student.

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Definitions:

Client-Visits

The number of times clients or customers visit a business or service provider within a given time period.

Planning Budget

A budget prepared for a specific level of activity; it may be adjusted as activity levels change.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of executive staff and office supplies.

Client-Visits

The act of meeting with clients or customers in person for business purposes, such as discussing projects, services, or sales.