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Yuri [45]
3 years ago
12

What are factors of production?1/ all the human efforts involved in the production process2/ all the resources used to produce a

ny goods and services 3/all the physical tools and equipment used in the production process 4/all the naturally occurring resources found in land, air, and water NextReset
Business
2 answers:
topjm [15]3 years ago
7 0

Answer: The answer is 2: all the resources used to produce any goods and services.

Explanation:

Factors of production refers to the all the inputs used to produce goods and services in order to make profit. It also means resources required for generating or creating goods and services. The factors of production are land, labour, capital and entrepreneurship. Organisations construct factors of production as management, technology, machines, materials, labour and so on.

Snowcat [4.5K]3 years ago
4 0
All the resources used to produce any goods and services
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2. Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual r
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The requirement of the question is provided below:

a.  What were the proceeds received by Chico upon the sale of the bonds?  

b.  Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.

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=pv(rate,nper,pmt,fv)

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