A Natural Resource, Such as Fishing Territories, Is Considered an Example

question 47

Multiple Choice

A natural resource, such as fishing territories, is considered an example of

• A) both land and labor.
• B) land, labor, capital and entrepreneurship.
• C) land only.
• D) only capital.

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Definitions:

Transfer Price

The cost applied to goods or services exchanged between units or branches of the same organization.

Antennae Division

A specialized unit or department within an organization focused on telecommunications or related technological functions, involving the use of antenna systems.

Outside Supplier

A third-party company that provides goods or services to another company as part of the purchasing company's supply chain.

Variable Expenses

Financial outlays that fluctuate based on the rate of business or manufacturing activities.