Which of the Following Correctly Lists the Categories of Factors

question 148

Multiple Choice

Which of the following correctly lists the categories of factors of production?

• A) land, labor, capital, and entrepreneurship
• B) land, buildings, capital, and entrepreneurship
• C) labor, machines, buildings, capital, and entrepreneurship
• D) forests, fish, buildings, capital, and entrepreneurship
• E) labor, money, stocks, and bonds

Identify and differentiate between various types of negotiable instruments, including promissory notes, drafts, and checks.

Comprehend the roles and obligations of parties involved in negotiable instruments.

Recognize the conditions under which a negotiable instrument may be transferred or assigned.

Grasp the legal ramifications of signatures, terms, and conditions on negotiable instruments.

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Definitions:

Strata

Layers or levels within a society or system, often referring to social classes or geological layers.

Earn

To receive a payment or reward in exchange for work done or services provided.

Given Period

A specific span of time during which something is done or occurs.

Income

Income refers to the money received, often measured on a regular basis, for work or through investments.