Which of the following statements is true?
A) Organizing other resources is one function of an entrepreneur.
B) Only real estate is included in the factor of production category termed land.
C) The factor of production category termed capital includes stocks, bonds, and money.
D) All of the statements are true.

Question

Quizplus · Accepted Answer

Organizing resources, including human, financial, and material resources, is indeed a key function of an entrepreneur. This involves planning, making decisions, and coordinating the various resources to achieve business objectives. Choices B and C are incorrect because "land" in economic terms includes all natural resources, not just real estate, and "capital" refers to tools, equipment, and facilities used to produce goods and services, not financial instruments like stocks and bonds.

Which of the Following Statements Is True