________ Are the Amounts the Corporation Owes to Various Creditors

question 36

Multiple Choice

________ are the amounts the corporation owes to various creditors.

• A) Liabilities
• B) Equities
• C) Dividends
• D) Profits
• E) Assets

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Definitions:

Substitute Resource

Alternative resources or inputs that can be used in place of another in the production process to produce a similar type of output.

Productivity

The efficiency with which input resources are converted into outputs, often measured as the ratio of output to input in a given time period.

Law of Diminishing Returns

The principle that as investment in a single factor of production increases, holding all others constant, the incremental gains in output will eventually decrease.

Law of Diminishing Marginal Utility

states that as a person consumes more of a good or service, the utility (satisfaction) gained from each additional unit decreases.