Which of the Following Statements Is Correct

question 14

Multiple Choice

Which of the following statements is correct?

• A) An auto manufacturer is less capital intensive than a bakery.
• B) An accounting firm is more capital intensive than a railroad.
• C) An oil refinery is more capital intensive than Starbucks.
• D) None of the options are correct.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to standardize and simplify the laws across the states.

Valid Title

A legal term indicating that a title to a piece of property is legally effective, with the holder having rightful ownership and no claims or outstanding liens against the property.

Clarify

To make a statement or situation less confused and more comprehensible.

Obligations

Duties or commitments imposed by law, contract, or a sense of moral responsibility.