A Business Is an Organization in Which Basic Resources or Inputs

question 101

True/False

A business is an organization in which basic resources or inputs, such as materials and labor, are assembled and processed to provide outputs in the form of goods or services to customers.

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Definitions:

Renewable Sources

Sources of energy that are replenished naturally, such as solar, wind, and hydroelectric power.

Community Center

A public or private facility that provides educational, recreational, and cultural activities and services to the community.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, by practicing ethical and sustainable business practices.

Sustainability Efforts

Initiatives aimed at promoting environmental stewardship, social responsibility, and economic viability for long-term benefits.