One of the Two Criteria for a Resource to Be

question 198

Multiple Choice

One of the two criteria for a resource to be considered as a natural resource is that it must:

• A) have been produced.
• B) be found in nature.
• C) be part of a factory or building.
• D) not be used to produce goods and services.

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Definitions:

Incidental Damages

Incidental damages refer to secondary or peripheral expenses that result from a breach of contract, such as the costs incurred to mitigate losses or to cover additional operational expenses.

Conforming Goods

Goods that meet the specifications and requirements as stated in a purchase contract.

Risk of Loss

Refers to the legal responsibility for the damage or destruction of goods, typically determined by the terms of sale or agreement between parties.

Substitute Goods

Products or services that can replace each other in use, due to their similar characteristics or functionalities.