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FRIDAY QUIZ CHALLENGE Test your knowledge of this week's terms Question: A set of principles that are valued and often expected both inside and outside of the workplace. Choose the Right Answer: (A) unemployment benefit  (B) metaphor  (C) ethics  (D) integrity

TERM OF THE DAY factors of production Resources required for generation of goods or services, generally classifiedinto four major groups: Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and Enterprise (which brings all the previous resources together forproduction). These factors are classified also as management, machines, materials, andmoney (this, the 4 Ms), or other such nomenclature. More recently, knowledgehas come to be recognized as distinct from labor, and as a factor of production in its own right. Learn more about this term Usage Example Factors of production facilitate the creation of products, but they are not part of the final product nor changed during the process of creation.