Resources Are All of the Following EXCEPT

question 58

Multiple Choice

Resources are all of the following EXCEPT

• A) unlimited and in abundance.
• B) the things we use to produce goods and services.
• C) limited in quantity and can be used in different ways.
• D) scarce and therefore requiring choices to be made.

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Definitions:

Employees

Employees refer to individuals hired by an organization or company to perform specific duties in exchange for compensation.

Business Owner

An individual who owns and operates a business entity, assuming all risks and rewards of the venture.

Half-year Rule

A tax regulation allowing businesses to claim half-year depreciation for assets acquired or disposed of during a fiscal year.

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities, either for profit or non-profit.