In Economics,the Factor of Production "Land" Includes All of the Following

question 94

Multiple Choice

In economics,the factor of production "land" includes all of the following EXCEPT

• A) energy.
• B) plastics.
• C) wild plants.
• D) animals, birds, and fish.
• E) oil.

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Definitions:

High Division of Labor

An organizational structure where tasks are highly specialized and divided among many workers.

Clear Rules

Refer to unambiguous, well-defined guidelines and standards that govern behavior and processes within an organization.

Operating Procedures

Established methods and protocols for conducting activities within an organization to achieve efficiency and quality output.

Span of Control

The number of subordinates a manager or leader can effectively oversee, control, or manage directly.