Elizabeth Wants to Set Up a Consulting Business That Specializes

question 160

Short Answer

Elizabeth wants to set up a consulting business that specializes in mathematical problem solving. Which of the following factors of production would she require?
Capital
Labour
Information resources
Natural resources
All of these

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Operating Activities

These activities are directly related to the production, sale, and delivery of a company’s products and services, representing the primary source of revenue and expense in the business.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.