Labor is a factor of production that refers to any physical or ________ work people contribute to a business's production
A) intellectual
B) emotional
C) unionized
D) entrepreneurial
E) technological
A
Explanation: A) Labor is a factor of production that refers to any physical or intellectual work that people contribute to a business's production. Entrepreneurial or technological work might be included in a company's labor costs, but such work could be either physical or intellectual, and therefore would not necessarily describe a type of work that was not physical. A company's labor force could be either unionized or nonunionized, independent of the type of work, whether physical or intellectual. Emotional work is not considered part of a business's labor requirements.
You might also like to view...
The purpose of the sales budget report is to
a) control selling expenses. b) control sales commissions. c) determine whether income objectives are being met. d) determine whether sales goals are being met.
To enter the European market, Starbucks joined in a cooperative venture with Bon Appetit Group A.G. in Switzerland. Bon Appetit has the recognized brand name, and Starbucks has the product and the expertise to run coffeehouses
This is an example of a(n) ________. A) direct investment B) franchise agreement C) backward invention D) strategic alliance E) expropriation agreement