Factors of Production Are the

question 100

Multiple Choice

Factors of production are the

• A) goods that are bought by individuals and used to provide personal enjoyment.
• B) goods that are bought by businesses to produce productive resources.
• C) productive resources used to produce goods and services.
• D) productive resources used by government to increase the productivity of consumption.
• E) goods and services produced by the economy.

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Definitions:

Company Books Adjustment

Changes or corrections made to the accounting records of a business to reflect the true financial position.

Interest Revenue

Interest revenue is the income earned by an entity through lending money or through investment securities that pay interest.

Bank Statement Adjustment

A process to correct discrepancies between the bank's records and a company's book balance to reflect the accurate amount of cash available.

Company Books Adjustment

Refers to changes made to a company's financial or accounting records to correct errors or align them with accounting standards.