1. 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 of the following factors of production?

Multiple Choice

• equity
• capital
• knowledge
• human resources
• tangible product

Capital does NOT include

Multiple Choice

• money.
• buildings.
• tools.
• technology.
• machines.

Barb, the owner of a lawn mowing business, gave half of her monthly revenue to a local homeless shelter. From this information, you can tell that Barb's company is a

Multiple Choice

• for-profit organization.
• nonprofit organization.
• charitable business.
• public company.
• not-for-profit business.

What term refers to the movement of the world economy toward becoming a more interdependent system?

Multiple Choice

• internationalization
• the world economy
• economic expansion
• global policy
• globalization

________ are government agencies that establish rules and regulations under which organizations must operate.

Multiple Choice

• Government regulators
• Multinational corporations
• Government corporations
• Bureaucratic entities
• Interest groups