Endellion owns a small delivery company. He decides to hire an office assistant and buys her a laptop to handle some of the administrative responsibilities for the company. This laptop is best described as which factor of production?
A) equity
B) capital
C) knowledge
D) human resources
E) tangible product

Question

Quizplus · Accepted Answer

The laptop is best described as capital because it is a tool or equipment used to produce goods or services, in this case, to assist in the administrative responsibilities of the company.

Endellion Owns a Small Delivery Company