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Degger [83]
2 years ago
8

Is/are also called factors of production since they are transformed into output during the production process?

Business
1 answer:
Natali5045456 [20]2 years ago
6 0

Land,  labor, entrepreneurship and capital are called factors of production since they are transformed into output during the production process.

Factors of production are needed for the production of goods or a service.

Land as a factor of production include the every type of land and the various goods received from it such as oil, gold etc. It can be agricultural land to any real estate commercial land.

While defining labor as factor of production we use their potential to work.

Capital includes money used for performing various functions of production. It is the primary driver of the production.

Entrepreneurship is that element which combines all other factors of production to form a single product or service.

To know more about factors of production here:

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Answer:

The correct answer is Fee simple determinable.

Explanation:

In US law, a simple fee is a state on earth, a form of full property ownership. It is the way in which real estate is owned by common law countries, and it is the greatest possible property interest that can be held in real estate. The allodial title is reserved to governments under a civil law structure. The ownership of the simple tariff represents a property interest in real estate, although it is limited by fiscal powers, eminent domain, police power, and escheat, and could also be limited by certain liens or conditions in writing, such As an Example, a condition that required the land to be used as a public park, with a reversal interest in the grantor if the condition fails; This is a simple conditional rate.

7 0
3 years ago
Suppose that GDP was $250 billion in year 1 and that all other components of expenditures remained the same in year 2 except tha
nika2105 [10]

Answer:

$265 billion

Explanation:

The computation of the GDP in year 2 is shown below:

= GDP in year 1 + increase in the business inventories

= $250 billion + $15 billion

= $265 billion

We simply added the GDP in year 1 with the increase in the business inventories so that the GDP in year 2 could come

6 0
3 years ago
The following events apply to Equipment Services Inc. in its first year of operation:1. Acquired $60,000 cash from the issue of
Tju [1.3M]

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7 0
3 years ago
When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what
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The correct option is D.

Subtract the loss from net income.

<h3>What is Cash Flow?</h3>

The volume of money a business brings in and expends is known as cash flow. Revenues from sales are used by businesses to pay expenses.

  • In accounting, the initial net cash flow that is recorded during all firm operational operations is calculated using the indirect technique of estimating or computing cash flow.
  • Under the indirect technique of completing the cash flow from operating activities, any initial net income or net loss is recorded at the beginning.
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  • The cash flow of operating activities is now calculated by deducting any profits or losses from the sale of long-term assets from net income.

To know more about Cash flow visit:

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I understand that the question you are looking for is:

When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what is the proper disposition of a loss on disposal of equipment? Multiple Choice

A. Add the loss to net income.

B. Disregard the loss because it relates to a financing activity.

C. Disregard the loss because it relates to an investing activity.

D. Subtract the loss from net income.

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1 year ago
The _____ department or function is responsible for understanding the market (potential customers), making sure the product will
Galina-37 [17]

Answer: Product & Marketing, it can be one or both depending on the organization of the company. Product often sits inside Marketing, so pushed for one word id say “Marketing.”

Explanation:

7 0
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