Which of the Following Is Likely to Be Most Capital-Intensive

question 25

Multiple Choice

Which of the following is likely to be most capital-intensive?

• A)Farming in developing countries.
• B)Production of clothing in rural China.
• C)Oil refining in the United States.
• D)None of the choices are correct.

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Definitions:

Creditors

Individuals or entities to whom a company owes money or has financial obligations, typically arising from purchase of goods or services on credit.

Accounts Payable

A liability account tracking money owed by a business to suppliers or creditors for goods and services received.

Revenue Account

An account that records sales, services, or other income earned by a business.

Asset Account

Accounts on a balance sheet that represent the resources owned by a company, which are expected to provide future economic benefits.