Money is not considered a factor of production
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Within the definition of factors of production, the term capital includes buildings, machines, tools, and technology used to produce goods and services.
Business
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The insured in a $25,000 life insurance policy died of a heart attack. Since the policy had a double indemnity provision, the policy beneficiary received
A) 12500 B) 50000 C) 25000 D) nothing"
Business
Which phase in the project life cycle involves evaluating expected costs, benefits, and risks?
a) conception b) feasibility analysis or study c) planning d) execution e) termination
Business