What Is the General Term for Resources Used by a Business

question 8

Multiple Choice

What is the general term for resources used by a business to produce a good or service referred to as?

• A) Labor
• B) Human Resources
• C) Human capital
• D) Factors of production
• E) Economic systems

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Definitions:

Chart Of Accounts

This is a listing of all the accounts in the general ledger, each account accompanied by a reference number.

Listing

The action of recording or including an item, such as a property or stock, for sale within a public marketplace or directory.

Account Numbers

Unique identifiers assigned to different accounts in a company's accounting system to organize and track financial transactions.

Accounts

Financial records of a company's transactions, categorized into assets, liabilities, equity, revenue, and expenses.