Resources Are Best Described as

question 26

Multiple Choice

Resources are best described as

• A)those basic inputs that a firm uses to conduct its business.
• B)only those features that are visible and easy to quantify.
• C)the firm's lending capacity.
• D)capabilities that can be exploited.

---

Definitions:

Privileges and Immunities

The rights and protections granted to citizens of the U.S. by the Constitution, ensuring equality under the law.

Home Rule

The power granted to local governments to govern themselves with minimal or no interference from the national government.

Dual Federalism

A concept of federalism in which federal and state governments have clearly defined, separate spheres of authority and responsibility.

Private Property

The legal right to own, use, and dispose of physical items or land, exclusive of others, protected by law.