Organizational and Workforce Management

Question 1

Land

Answer 1

• Anything that comes from the land
• Examples include water, oil, forests, coal, natural gases, copper
• Can be renewable to nonrenewable

Question 2

Labour

Answer 2

• Any effort that contributes to the production of goods and services
• Examples include skilled, unskilled, mental and physical labour

Question 3

Capital

Answer 3

• Machinery, tools and buildings used to produce good and services

Question 4

Entrepreneurship

Answer 4

• Someone who combines all factors to earn profit