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Licemer1 [7]
3 years ago
9

List and explain the four factors of production ,stating their reward.​

Business
1 answer:
netineya [11]3 years ago
8 0

Answer:

Explanation:

Production in itself is the conversion of inputs to outputs.

Factors of production are the resources that make this conversion of input to outputs possible. These include;

Labour- is the physical and mental effort contributed. It is rewarded by wages or salaries.

Land - includes the soil itself, natural trees,  raw materials like minerals and oil found underneath. Its reward is rent.

Capital - includes machinery, chemicals and equipment (tractors, robots).  Its reward is interest.

Entrepreneurship- is the drive to develop an idea, take risks and use the other three factors of production to produce goods or services. Its reward is profit.

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Roger remembers from a business class he took years ago in college that there are several business forms to choose from. Each fo
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Answer:

This question is incomplete, the options are missing. The options are the following:

a) Partnership

b) C Corporation

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d) Limited Liability Company

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And the correct answer is the option D: Limited Liability Company.

Explanation:

To begin with, the name of <em>"Limited Liability Company" </em>refers to a type of form of business, in the field of business law, that is helpful to adapt and use for some owners regarding the particular characteristics that this form gives to them. So once said that, this type of business form has the characteristics of both a corporation and a partnership so that means that it is quite flexible and can adapt depending on the situation that the owner is having. Moreover, one of the most important aspects of this type of form is the fact that the owner has a limited liability to what happens in the company so that means that his private assets are secure under this form.

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3 years ago
A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account?
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Answer:

the right is answer is B.

Explanation:

The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.

3 0
3 years ago
As a service dimension increases in importance, a customer's zone of tolerance _____ and his or her desired and adequate service
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11. John rates Peter an average worker, “excellent” on all his performance evaluations. The rest of staff suspects that Peter ge
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Considering the situation described in the question, if the allegations were accurate, the rating error the staff identified is known as the "Similarity Bias" error.

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Hence in this case the correct answer is "Similarity Bias"

Learn more here: brainly.com/question/14467377

6 0
2 years ago
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