Practice, Question 07 Which of the following inputs would NOT be considered a factor of production? ? money ? processes ? time ? human resources Practice, Question 19 Which of the following is a major new force in business that influences consumers' choices? ? safety concerns ? environmental concerns ? health concerns ? children's concerns Practice, Question 21 Keeping pace with the rapid rate of change in today's business world is essential. Which of the following is an essential resource for this? ? technological capability ? low cost workforce ? expensive equipment ? skilled and knowledgeable workforce Practice, Question 23 Which generation was born between the years 1982 to 2005? ? Generation X ? Echo generation ? Baby Boom generation ? Generation Y Practice, Question 24 Which of the following can enhance a firm's chance of success? ? a low cost workforce ? a young workforce ? a technologically advanced workforce ? a diverse workforce
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- time: Time can be considered a factor of production as it is a resource that is used in the production process. - human resources: Human resources are considered a factor of production as they are the people who contribute their skills and labor to the Show more…
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