Which of the Following Is Considered a Firm's "Factor of Production

question 58

Multiple Choice

Which of the following is considered a firm's "factor of production"?

• A) Money or cash balances of the firm
• B) The firm's shares of common stock
• C) U.S. Treasury bonds owned by the firm
• D) The office building occupied by the firm

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Definitions:

Pool Resources

The act of combining assets, funds, or talents of a group of people for a common purpose or benefit.

Compulsive Hoarding

The urge to accumulate and hold on to familiar objects and possessions, sometimes to the point of their becoming health and/or safety hazards. This impulse tends to increase with age.

Material Items

Material items are physical objects that can be touched and owned, often used to fulfill needs or desires, including everything from personal belongings to commodities in trade.

Oldest-Old

Elderly adults (generally, those over age 85) who are dependent on others for almost everything, requiring supportive services such as nursing homes and hospital stays.