The margin of error is the product of the standard error and the critical value.
The acceptable margin of error commonly falls between 4% and 8% on the 95% confidence level.
Whilst getting a slim margin of error is pretty crucial, the real trick of the trade is getting that perfect consultant pattern.
A margin of error is a statistical size that accounts for the distinction between real and projected effects in a random survey sample. In less complicated phrases, the margin of mistakes allows you to gauge the extent of unpredictability in data and studies' consequences.
Learn more about margin of error here: https://brainly.com/question/24289590
#SPJ4
people with higher wages: a. tend to view pay as more fair than those with lower compensation b. tend to view pay as less fair than those with higher compensation c. are working under a uniform transactional compensation system d. are likely working under a uniform relational compensation system
People with higher wages: a. tend to view pay as more fair than those with lower compensation.
You will be paid your annual salary for the duration of your employment or until the terms are altered, whichever comes first. The main difference between a salary and an hourly rate is that a salary is a set amount of money that is agreed upon by both the company and the employee. The performance of an employee and the number of hours worked, however, can affect pay. The system you use to determine how much each employee in your company is paid is called a compensation structure, often known as a "pay structure" or "salary structure." Details like merit, the length of employment, and industry minimums and maximums are taken into consideration.
To learn more about wages: https://brainly.com/question/1622389
#SPJ4
evaluating the quality of services before making a purchase is harder than evaluating the quality of goods because, compared to goods, services tend to exhibit fewer ____________ qualities
Evaluating the quality of services before making a purchase is harder than evaluating the quality of goods because, compared to goods, services tend to exhibit fewer search qualities.
In economics, a provider is an intangible commodity. extra, in particular, services are an intangible equivalent of economic items. carrier provision is frequently an economic activity where the consumer does now not usually, besides via distinct settlement, achieve specific possession of the thing purchased.
A service is an "(intangible) act or use for which a client, company, or authorities is willing to pay." Examples include paintings done with the aid of barbers, doctors, legal professionals, mechanics, banks, insurance companies, and so forth. Public offerings are those that society (nation, fiscal union, or location) as a whole can pay for.
Learn more about services here: https://brainly.com/question/24553900
#SPJ4
show how we can use our monopolistic model to analyze aggregate trade between countries using a type of gravity. describe what you think the most interesting findings are when applying gravity to us-canada trade?
Show how we can use our monopolistic model.Using this method, we observed that trade between the United States and Canada decreased by approximately 44%.
Due to border closures, the prices of US goods destined for Canada have skyrocketed. This would greatly mitigate the negative impact on US-Canada trade.
What are Monopolistic features?A monopoly market is a market structure that has the characteristics of a pure monopoly. A monopoly occurs when a supplier offers a particular good or service to a large number of consumers. A monopoly market allows a monopoly (or dominant firm) to control the market and set prices and supply.
Why is monopoly important?Monopolies can lead to large economies of scale. A company that has a monopoly on a particular type of product may be able to mass produce that product at a lower unit price. Depending on corporate ethics, these low prices may be passed on to consumers.
Learn more about monopoly market:
brainly.com/question/6766821
#SPJ4
As described in the ten axioms for success, what approach should be used to addresses a common source of project failure described as scope creep or drift caused by deviations from the project plan?.
The ten axioms for success, the approach should be used to addresses a common source of project failure are plan, execute and action.
To avoid project failure, make perfect plan and strategy before execution the project.
The workplan provides the step-by-step instructions for constructing project deliverables and managing the project. You should use a prior workplan from a similar project as a model.
The scope creep is typically caused by key project stakeholder changing requirements or by internal miscommunication and disagreements in project deals.
To know more about project failure here,
https://brainly.com/question/28344701
#SPJ1
the convenience yield associated with holding the underlying asset of a derivative is most accurately described as:
An advantage of retaining an underlying asset rather than the corresponding derivative instrument or contract is known as a convenience yield. the advantages of owning the item that are not monetary.
The term "convenience yield" used to describe holding the underlying asset of a derivative typically alludes to non-financial advantages of holding an asset, such as being able to sell an overpriced asset that is challenging to sell short. The term "convenience yield" excludes financial benefits like interest and dividend payments. The cost of carrying an asset less any financial and non-financial benefits is known as the net cost of carry. The convenience yield refers to the advantages of retaining the physical asset.
Benefits of Convenience yield are as follows –
1) Inflows may include intangibles as well
2) Intangible inflows are worth that market players sense simply from owning an asset.
The formulae below depict the Convenience yield -
Futures price = Spot price (1+Rf) + Storage Costs – Convenience Yield
To know more about Convenience yield then refer: brainly.com/question/15683175
#SPJ4
compares the amount of net income earned for common stockholders to the average amount og common stockholders equity
Return on Equity (ROE) compares the amount of net income earned for common stockholders to the average amount og common stockholders equity.
Return on Equity (ROE) is a metric that expresses a company's annual return (net income) as a percentage (e.g., 12%) of the total value of its shareholders' equity. Alternatively, ROE can be calculated by dividing the company's dividend growth rate by its profits retention rate (1 – dividend payout ratio). Because it integrates the income statement and the balance sheet, where net income or profit is compared to shareholders' equity, return on equity is a two-part ratio in its derivation. The figure displays the firm's capacity to convert equity investments into profits and represents the total return on equity capital. In other words, it calculates the amount of profits generated from each dollar of shareholders' equity.
Learn more about Return on Equity here:
https://brainly.com/question/15221908
#SPJ4
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
Order the market structures according to the level of prices you would expect. Then, order them according to the level of quantity you would expect.
a. Cartel
b. Entry deterrence
c. Duopoly without collusion
d. Monopolistic competition
1. Highest price
2. Highest quantity
a. Cartel
b. Entry deterrence
c. Monopolistic competition
d. Duopoly without collusion
1. Lowest price
2. Lowest quantity
Order the market structures according to the level of prices you would expect.
Highest price 1) cartel, 2) duopoply without collusion , 3)Entry deterrence, 4) Monopolistic Competition
Highest Quantity , 1) Monopolistic Competition , 2) entry deterrence , 3) duopoply without collusion, 4) cartel
A market is a composition of structures, institutions, approaches, social members of the family or infrastructures wherein parties engage in trade. while events may also trade items and offerings by barter, maximum markets rely upon sellers offering their goods or services to shoppers in alternate for cash.
A marketplace is defined because the sum overall of all the consumers and sellers inside the place or vicinity below attention. The vicinity can be the earth, or countries, regions, states, or cities. The cost, price and charge of items traded are as consistent with forces of deliver and call for in a market.
Learn more about market here:https://brainly.com/question/906651
#SPJ4
diversification reduces the risk of a portfolio because the prices of different securities do not move exactly together. a.true b.false
False. Diversification cannot reduce the risk of a portfolio because the prices of different securities do not move exactly together.
A diversified portfolio is a collection of various investments that work together to lower the overall risk profile of the investor. Owning stocks from a variety of various sectors, nations, and risk profiles as well as other investments like bonds, commodities, and real estate are examples of diversification.
Although it can help you control risk by distributing your investment funds among several asset classes and types of securities, diversification cannot completely remove risk or ensure a profit. The chance of losing money still exists.
For more questions like Diversification click the link below:
https://brainly.com/question/14091176
#SPJ4
Mangelo restaurant had liabilities with a carrying value of $425,000 and fair value of $600,000. How should mangelo report these liabilities on the balance sheet?.
Liabilities should be reported by Mangelo at carrying value and the fair value of the liabilities should be included in a remark to the financial statements.
What are financial statements?
Financial statements are official records of the financial activities and position of a company, an individual, or another entity (also known as financial reports). Financial statements serve as a resource for a variety of users who need to make financial decisions by providing information on an organization's financial situation, performance, and changes in financial position. An organization's financial status is directly impacted by the stated assets, liabilities, equity, revenue, and expenses. Though rules differ from country to country, an audit of a public company's financial statements is often required for investment, financing, and tax reasons. These responsibilities are typically performed by independent accounting firms or auditing firms.
To know more about Financial statements refer:
https://brainly.com/question/14951563
#SPJ4
Trucking llc enters into a contract to deliver a certain quantity of potatoes to united foods’s refrigerated warehouse in exchange for a specified payment. Trucking delivers the spuds to the location. United’s duty to pay is.
Trucking LLC enters into a contract to deliver a certain quantity of potatoes to united foods’ refrigerated warehouse in exchange for a specified payment. Trucking delivers the spuds to the location. United’s duty to pay is absolute.
A refrigerator, colloquially fridge, is a commercial and home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so that its inside is cooled to a temperature below the room temperature. Refrigeration is an essential food storage technique around the world. The lower temperature lowers the reproduction rate of bacteria, so the refrigerator reduces the rate of spoilage. A refrigerator maintains a temperature a few degrees above the freezing point of water. The optimal temperature range for perishable food storage is 3 to 5 °C (37 to 41 °F).[1] A similar device that maintains a temperature below the freezing point of water is called a freezer.
Learn more about refrigerated here
https://brainly.com/question/26996883
#SPJ4
Standardization of a psychological test is important because the process ________.
Standarisation of a Psychological test is crucial for the procedure. sets test-taking scores that may be compared to those of upcoming test-takers.
Why Standardization of a psychological test is important?This helps psychologists rule out test-specific explanations for any observed differences in memory performance.
The process of applying and expanding technical standards, also known as standardization or standardisation, is based mostly on the agreement of several parties, such as enterprises, users, nonprofit organizations, standards organizations, and governments.
In order to standardize a certain industry, it is necessary to develop, market, and maybe mandate requirements-based and compatible technology and methods. Technology standards may impose the quality and uniformity of a technology and ensure its protection, compatibility, and interoperability.
To know more about psychological test, visit: https://brainly.com/question/29411865
#SPJ1
identify an underlying reason that has caused texas to institute policies that are considered to be pro-business.
Texas is very conservative compared to other areas, and conservatives are usually associated with policies that favor business owners.
Its roots go back to early Texas. According to history, the word "Texas" itself comes from the Caddo language, which means "friend." The Caddo were a federation of Native American tribes that ruled East Texas.
The Republic of Texas (Spanish: República de Tejas) was a sovereign state in North America that existed from March 2, 1836 to February 19, 1846, bordering Mexico and the Republic of Rio Grande (separated from Mexico). It was another republic). ) and the United States, but Mexico considered them rebellious
Learn more about Texas https://brainly.com/question/25723904
#SPJ4
claire corporation is planning to issue bonds with a face value of $140,000 and a coupon rate of 8 percent. the bonds mature in two years and pay interest quarterly every march 31, june 30, september 30, and december 31. all of the bonds were sold on january 1 of this year. claire uses the effective-interest amortization method and does not use a discount account. assume an annual market rate of interest of 12 percent. (fv of $1, pv of $1, fva of $1, and pva of $1)
The contract, also known as a financial instrument, that an organization issues in the market to raise funds for its debt is referred to as a bond.The terms and conditions pertaining to bonds are outlined in this contract.
1st Year: March 31, 2000, 0.970873 1,941.75 June 30, 2000, 0.942595 1,885.19 September 30, 2000, 0.915141 1,830.2
Whats is a bond?
Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.
How do bonds function?
When you buy I bonds, they start earning interest on the first day of each month.The bond's principal value is increased twice a year by adding all six months' worth of interest.This gives the bond a new value—the old value plus the interest that was earned.
Learn more about Bonds here:
https://brainly.com/question/25965295
#SPJ4
according to the full range of leadership model, which transformational factor refers to the emotional component of leadership? a.individualized consideration b.inspirational motivation c.idealized influence d.intellectual stimulation
The transformational factor refers to the emotional component of leadership is Idealized influence
Option C is correct .
What is a Transformational Leadership Model?Transformational leadership is defined as a leadership approach that brings about change in individuals and social systems. Ideally, you bring valuable positive change to your followers with the ultimate goal of turning them into leaders.
Why is Transformational Leadership Used?
Transformational leaders inspire and motivate employees without micromanaging. They trust trained employees to exercise decision-making power in their assigned tasks. It's a leadership style designed to give employees more space to be creative, look to the future, and find new solutions to old problems.
Learn more about transformational leadership :
brainly.com/question/28563870
#SPJ4
advocates say that fixed exchange rates can help a country deal with economic crises.
a. true
b. false
Advocates say that fixed exchange rates can help a country deal with economic crises.
This statement is False.
A financial crisis is one of many situations in which some financial assets suddenly lose a large portion of their face value. In the 19th and early 20th centuries, many financial crises were associated with bank panics, and many recessions coincided with those panics.
An economic crisis describes a situation in which a country's economy is in a sharp decline, usually caused by a financial crisis. Economic crises can take the form of stagflation, recessions, or recessions.
An economic crisis in which the economy exhibits a slowdown in economic activity due to a financial/banking crisis, inflation, currency crisis, or government debt.
Learn more about economic crisis https://brainly.com/question/307213
#SPJ4
russell sold his small variety store to a large retail chain but has agreed to stay on and manage the store. russell should expect a. cultural conflict. b. freedom from responsibility. c. a feeling of elation with his new wealth. d. greater independence.
An initial public offering (IPO) is the procedure of releasing fresh shares of stock to the public for the first time in a private firm.
What Is an Initial Public Offering (IPO)? A corporation can raise equity funding from the general public through an IPO.An initial public offering (IPO) is the process of selling new shares of a private company to the general public.To hold an IPO, businesses must satisfy Securities and Exchange Commission (SEC) and exchange standards.IPOs give businesses the chance to raise money by selling shares on the primary market.Investment banks are hired by businesses to sell products, assess customer demand, determine IPO pricing, and other tasks.The company's founders and early investors can use an IPO as an exit option to realize the full return on their private investment.To Learn more About initial public offering refer to:
https://brainly.com/question/15738101
#SPJ4
Question 9 of 10
What is one strategy that can help a borrower reduce the cost of a loan?
A. The borrower can choose a loan with a simple rather than a
compound interest rate.
B. The borrower can choose a credit card with a low minimum
monthly payment.
C. The borrower can choose a credit card with a high minimum
monthly payment.
D. The borrower can choose a loan with a compound rather than a
simple interest rate.
The borrower can apply the strategy of choosing a loan with a compound interest rate rather than a simple interest rate to reduce the cost of the loan. The correct option here is d.
What is compound interest?Compound interest is the interest which we earn on our own. With a savings account that earns compound interest, we earn interest on the initial principal plus the interest that accumulates over time.
When we add money to a savings account or a similar account we receive interest based on the amount that we have deposited. Therefore the effect which we will have on our savings can be dramatic.
With the initial years of savings, we may feel like we are earning only a modest amount of interest but with each passing year, our compounding interest grows exponentially. Until it exceeds our principal amount and is responsible for most of the growth in our account.
So compound interest can turn a small investment into a huge wealth over time.
Learn more about compound interest here:
https://brainly.com/question/14295570
#SPJ1
________ is a nonpersonal, indirectly paid presentation of an organization, good, or service.
-Publicity
-Sales promotion
-Direct marketing
-Advertising
A presentation of an organization, good, or service that is not personal and is funded indirectly is known as publicity.A news story or editorial about the company or its goods or services are examples of publicity.
What is the essential benefit of exposure?
Your business gains credibility through public relations because the content is more authentic and informative.According to studies, PR gives the consumer market more visibility and credibility than advertising, which is thought to be more promotional.
What is publicity, exactly?
Publicity is the public's awareness or visibility of a product, service, person, or organization in marketing.It could also refer to the dissemination of information to the general public, frequently (but not always) through the media.
Learn more about publicity here:
https://brainly.com/question/25754149
#SPJ4
what is not a principle for privacy created by the organization for economic cooperation and development (oecd)?
Consider that all information ought to be free is not a principle created for privacy created by OECD.
Users should respect intellectual property rights and not take information for granted. One of the prevalent ethical fallacies is the notion that information ought to be accessible to all.
An globally recognized collection of guidelines for handling personal data is the OECD's Guidelines on the Protection of Privacy and Transborder Flows of Personal Data.
They can be a great starting point for any analytics project trying to lower data-privacy concerns because they are reflected in existing and developing data-protection legislation. It is also a sensible direction for the governance of the personal data that organizations acquire and manage throughout the course of their operations.
Learn more about OECD at
https://brainly.com/question/12994872?referrer=searchResults
#SPJ4
the marketing metric for subscriber loss is called ______, which is the percentage of cancelled accounts in a period—usually monthly.
The marketing metric for subscriber loss is called Customer churn rate, which is the percentage of canceled accounts in a period—usually monthly.
Churn rate occasionally referred to as attrition price, is the rate at which customers prevent doing business with an organization over a given time period.
Churn can also observe to the number of subscribers who cancel or don't renew a subscription.
The higher your churn rate, the more clients prevent buying from your commercial enterprise.
The churn charge components is: (lost customers ÷ total clients on the start of time period) x 100. for example, in case your business had 250 customers at the start of the month and lost 10 customers by using the cease, you would divide 10 by using 250. the solution is 0.04.
Learn more about Customer retention here: https://brainly.com/question/11621168
#SPJ4
What is the most important question you should have after seeing this ad about a check cashing business?.
You should be most concerned when you encounter an advertisement for a check cashing service.
Why Do You Want to Cash Your Check at ACE?Credit checks are not required?Is it possible for me to obtain a written copy of every fee you impose for your services?Check cashing services: what are they?People lacking bank accounts are able to cash checks thanks to check-cashing services. People who want cash are charged a fee, sometimes as little as $1 and other times as much as $100. The service can be utilized by anyone who needs cash immediately away, but it is especially intended for the unbanked or underbanked.
What steps are involved in cashing a check?Step One: Head to the bank or your preferred check-cashing business with the check and your photo ID. Step two is to sign the cheque and give it to the cashier. Step three is when the teller processes your cheque and gives you the money. Personal checks are those drawn from a person's own checkbook.Learn more about check-cashing services: https://brainly.com/question/15655208
#SPJ4
The video clip from tommy boy where they were talking about the guarantee on the box demonstrated overcoming objections. At what point in the sales process does this usually happen?.
When they were talking about the guarantee on the box demonstrated overcoming objections, the sales occur in part when they explain about what things are guaranteed. They promote the store's service to buyers, which is also part of the sale.
Marketing can be described to create awareness of your organization and brand to potential customers. Sales means turn viewership into a profit, by changing those potential customers into actual ones. The crucial of marketing for your business is that it create the customers aware of your products or services, engages them, and helps them make the buying decision.
Learn more about marketing at https://brainly.com/question/13414268
#SPJ4
nathan was worried that his company was missing a lot of opportunity to sell their products in china because of the separation created by language, culture, and distance. in other words, his company had a lack of blank . multiple choice question. metrics knowledge manufacturing financial expertise
Export assistance services for U.S. non-agricultural businesses are led by the Department of Commerce's International Trade Administration (ITA).
In most exporting situations, what kind of business is typically utilized as a reliable intermediary?
Distributors.are intermediaries for exports who represent the business on the international market.Distributors frequently act as the "face" of numerous businesses in a country, selling products, assisting customers, and receiving payments.
Which three kinds of countertrade are there?
Counter trade is classified as:barter, offset, switch trading, counter-purchase, and compensation or buyback.
A buyback is a counter trade when a company agrees to take a certain percentage of the plant's output as partial payment for a contract to build a manufacturing facility or provide technology, equipment, training, or other services to a country.
Learn more about U.S. non-agricultural businesses here:
https://brainly.com/question/28648399
#SPJ4
Allison has decided to use a vendor to ship items to her store instead of a distribution center. What is her most likely reason?.
Because it expedites the delivery of goods to the stores, Allison has chosen to utilize a vendor rather than a distribution center to transport goods to her store.
Which alludes to the storage facilities from which products are delivered straight to retailers?Prior to being shipped to wholesale or retail clients, distribution centers play a crucial role in the supply chain for goods, order fulfillment, and created goods. They act as a link between suppliers and clients. They serve retail stores directly and are customer-centric.
What role does a distribution center play?Essentially, the distribution center serves as a middleman in the supply chain, receiving and storing items before they are transported and dispersed to wholesalers, retailers, factories, or other warehouses.
Why would a store choose a vendor over a distribution facility to ship goods?A shipment can circumvent a retailer's internal network, which frequently entails a layover at a distribution center, by shipping straight from a vendor or supplier.
Learn more about distribution center: https://brainly.com/question/15567541
#SPJ4
how is ethical decision making within a business setting consistent with the christian worldview cwv
The christian worldview for the ethical decision within a business setting consistent are the standards set by the God.
What is ethical decision and how the business setting consistent with the christian worldview?Ethical decision making is the decision made on the ethics by the group or committee of culturous system.Here the question is asked of the ethical decision making within a business setting consistent with the christian worldview.The christian worldview believes that humanity is the prior culture and every human have the abilities of understanding right from wrong.Ethics is all about doing good and right , and avoid the wrong and ethics work is about doing right in the workplace.Hence the christian worldview for the ethical decision within a business setting consistent are the standards set by the God.Christians believe it strongly that ethics is morality and objective and every human scheduled by God.To know more about ethic visit:
https://brainly.com/question/11992384
#SPJ4
the centers expect the following changes in the next year: (i) increase sales 20%; (ii) decrease costs $390,000; (iii) decrease average operating assets $496,000. compute the expected return on investment (roi) for each center. assume center i has a controllable margin percentage of 70%
The predicted return is the amount of income or loss an investor can count on receiving on an investment.
An expected return is calculated with the aid of multiplying practicable outcomes by using the odds of them happening and then totaling these results. Expected returns cannot be guaranteed.
What Is a Good ROI?According to conventional wisdom, an annual ROI of approximately 7% or higher is considered a proper ROI for an investment in stocks. This is also about the common annual return of the S&P 500, accounting for inflation.
How do you calculate expected return on investment?Expected return = (Return A x chance A) + (Return B x probability B) Expected return is just one of many attainable returns when you consider that the funding market is highly volatile. You can calculate anticipated return as a weighted average consequence due to the fact it accounts for the investment's historical performance.
Learn more about expected return on investment here:
https://brainly.com/question/25821437#SPJ4the existence of cognitive biases eliminates the need for a proper application of professional skepticism on audits.
A. true
B. false
The existence of cognitive biases eliminates the need for a proper application of professional skepticism on audits. This statement is False.
Skepticism, also spelled skepticism, is an attitude that questions or doubts claims of knowledge that are perceived as mere beliefs or dogmas.
For example, if a person is skeptical of government claims about an ongoing war, they doubt that those claims are accurate. Skepticism and skepticism are both English terms. In the United States, “skepticism” is preferred to “skepticism” (93 vs. 7). In the UK, a ratio of 57 to 43 is for 'skepticism' rather than 'skepticism'. In India, “skepticism” is preferred to “skepticism” (57 to 43).Learn more about skepticism here: https://brainly.com/question/12560960
#SPJ4
owners of a limited liability company: group of answer choices have unlimited liability for contracts entered into by the llc. can transfer their membership as a personal property interest. cannot assume any management responsibilities. all of the above
In a limited liability company or partnership, business partners are only liable for the amount of money they have put into the company.
What is a banking system?A bank is a type of financial institution authorized to grant loans and accept deposits for checking and savings accounts. Individual retirement accounts (IRAs), certificates of deposit (CDs), currency exchange, and safe deposit boxes are other services that banks offer.Retail banks, commercial or corporate banks, and investment banks are just a few of the several sorts of banks.Since the fourteenth century, at least, banks have existed. They give customers and business owners a secure place to store their cash as well as a way to get loans for both personal and professional endeavors.Banks provide loans and charge interest on them using the money that is deposited.Since the Medici family began dabbling in banking during the Renaissance, the basic business model hasn't changed much, but the variety of products that banks offer has expanded.Hence, In a limited liability company or partnership, business partners are only liable for the amount of money they have put into the company
learn more about banking system click here:
brainly.com/question/14274562
#SPJ4
out of the five factors of production categories, which category does an employee instruction manual fall into?
Five factors of production category are land, labor, capital, entrepreneurship and knowledge.
Land: Land is that the natural resource on which we build our buildings and cities. Is the first factor of production category
Labor: Labor is any act that creates value. This includes skilled professions like doctors and lawyers.
Capital: Capital is that the money or other assets that are invested in a business to help it grow or maintain itself.
Entrepreneurship: Entrepreneurship may be a factor of production.
Knowledge: Knowledge may be a form of information that is used in the production process. Knowledge also can be used to create new products or processes that will lead to increased profits.
To know more about production category, click here: https://brainly.com/question/29388107
#SPJ4