Which List Contains, in This Order, Natural Resources, Human Capital

question 151

Multiple Choice

Which list contains, in this order, natural resources, human capital, and physical capital?

• A) for a restaurant: the land where it stands; the things the kitchen; the freezers where the steaks are kept
• B) for a furniture company: wood; the company cafeteria; saws
• C) for a railroad: fuel; railroad engineers; railroad tracks
• D) for an oil company: the oil it brings to surface; the rigs; the refineries using its oil

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Definitions:

Vertical Contracts

Agreements between firms at different levels of the supply chain, such as between a manufacturer and a retailer.

Costly Activities

Actions or tasks that require significant expenditure of resources, such as time, money, or effort.

Extended Inventory

An expanded list of goods and materials kept on hand by a business, including raw materials, work-in-progress, and finished goods.

Decrease Retailer Prices

A strategy where retailers lower the prices of goods or services, potentially to increase sales volume or clear inventory.