1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
2 years ago
12

2. Which statement about the factors of production is correct?

Business
1 answer:
Charra [1.4K]2 years ago
8 0

Answer:

A) A river from which a company draws water is called land.

Explanation:

There are mainly<u> 4 Factors of Production</u> and these are:

<em>1. Labor </em>

<em>2. Land </em>

<em>3. Capital</em>

<em>4. Entrepreneurship</em>

  • <u>Labor doesn't refer to the owner of the company.</u> It refers to the <em>work that is being done in order to finish a particular project or work</em>. This makes choice D incorrect.
  • An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.
  • <u>Capital in the form of money is not a factor of production.</u> Raising finance for a company means raising money. An example of capital as a factor of production is<em> purchasing an equipment for commercial/business purposes</em>. This makes choice B incorrect.
  • When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but <em><u>also the oceans, rivers, lakes, etc. </u></em>as long as it is being used in the production process. This makes choice A correct.
You might be interested in
7. List and explain 3 things that make you enthusiastic about learning?
Reptile [31]

Answer:

1) Reward

2) Enjoyment

3) Personality Growth

Explanation:

<u>Learning Business</u>

I opted for Business because it is very easy as compared to other subjects.

It is applicable anywhere anytime.

It is rewarding in terms of  rules and regulations.

<u>Otherwise Learning</u>

It enhances your abilities making you a strong enough person to fight any challenge.

It is always rewarding. It pays you one way or other.

It polishes and nourishes your personality to an extent where you feel better adapted towards life.

It is an enjoyment in the sense that it makes you see how well you use your abilities. For example I like mathematics and I enjoy doing it. Some people like drawing and they enjoy it.

4 0
3 years ago
One of the authors wanted to determine the effect of changing answers on​ multiple-choice tests. she studied the tests given by
Vilka [71]
Ye she’s yensjshiahahs
4 0
3 years ago
Read 2 more answers
Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stoc
dimaraw [331]

Answer:

total stockholders' equity =  $660000

Explanation:

given data

Issued = 15,000 shares

par value = $0.01 per share

issued = $39.00 per share

net income = $300,000

Paid dividends = $15.00 per share

to find out

total stockholders' equity

solution

we get here common stock that is express as

common stock = 15,000 × $39

common stock =  $585000

and

dividends is = $15 × 15000

dividends = 225000

so

total stockholders' equity will be

total stockholders' equity = common stock  + net income - dividends

total stockholders' equity = $585000 + $300,000 - 225000

total stockholders' equity =  $660000

8 0
3 years ago
If the consumer price index was 170 in one year and 180 in the next year, then the rate of inflation is approximately:
aliina [53]
Well the answer is quite easy just count From 170 to 180 and that leaves u with 10 so ur answer is ten
8 0
3 years ago
Read 2 more answers
If a firm's know-how, skills, and capabilities can be protected by contract, and if tight control over foreign operations is not
Aleks04 [339]

Answer:

The correct answer is Licensing.

Explanation:

A business license allows the owner the right to start and develop a particular type of business in the city, county, state or country where it is granted. It is a type of permit that implies that the company has the backing of the government to operate. Government agencies can fine or close a business that operates without a license, so you should find out if having a license is part of your process to start your business, not everyone requires a license.

Depending on the type of business you have, you may need a local, county, state or federal license or none. Where your company is located will determine what type of license you need and where to obtain it.

8 0
3 years ago
Other questions:
  • Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by chan
    8·2 answers
  • According to proponents of the efficient-market hypothesis, the best strategy for a small investor with a portfolio worth $40,00
    15·1 answer
  • If you are a jury member, which of these are topics you might discuss with the other jurors during trial? (Select all that
    8·1 answer
  • What is capacity budgeting​
    15·1 answer
  • What measures the change in prices of a basket of goods and services in a given year?
    7·2 answers
  • If you guess the number im thinking of illl give you 100 points
    15·2 answers
  • FORco, a country F corporation, wants to open a sales office in the United States. FORco does not form a U.S. subsidiary, but in
    14·1 answer
  • If a CobbDouglas production function has alpha​ = 0.34 and beta​ = 0.42, then a​ 1% increase in inputs results in a​ ________ ch
    13·1 answer
  • Reg has just purchased a new car. The car had a list price of $22,499, and he was responsible for 7. 96% sales tax, a $2,138 veh
    10·1 answer
  • Power that organizes and orchestrates the systemic interaction within and among societies is an example of?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!