Answer:
True.
Explanation:
In order to enforce their cultural values, every group tends to create norms or normalize certain behaviors in order to promote or keep said values. Norms are shared rules and, therefore, all individuals will be bound by them, influencing them to do or not to do certain things and to behave in certain ways which are socially accepted by said norms.
Answer: The correct answer is : An ability to learn from mistakes
Explanation: Many successful business owners fail in their first attempts, it must be assumed that they learned from their mistakes. An entrepreneur when starting a business must assume that clever market strategies may still fail to sell a product. An example to follow is the businessman Henry Ford who achieved success through his innovative methods of production.
Answer:
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Explanation:
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The correct answer would be, Rent, Wages, Interest and Profits.
The payments for land, labor, capital and entrepreneurial ability respectively are Rent, Wages, Interest and Profits.
Explanation:
An organization works by either manufacturing some product or providing services to the people. Many resources are involved in the provision of manufacturing or services. Lots of departments work together to get the work done.
- Resources like Land or Building, Labors, Workforce, Capital, Equipment, Human Resource, etc are needed during the whole process. So certain amount of money, called as payments are required to drag the process smoothly.
- If the company uses land, or building, A Rent amount must be paid.
- If the company uses Labor, Wage is given to them.
- If the company uses Capital, An Interest is paid for using it.
- If the company uses Entrepreneurial Abilities of personnel, Profits of the company are shared with them.
This is how the payments are made.
Learn more about the Factors of Production at:
brainly.com/question/4335697
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