Which of the Following Is True of Resources

question 61

Multiple Choice

Which of the following is true of resources?

• A) Resources are inputs used to produce goods and services.
• B) Labor is the mental and physical capacity of workers to produce goods and services.
• C) Entrepreneurship organizes resources to produce goods and services.
• D) All of these are true.

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them partial ownership of the company.

Traditional View

A perspective or approach that is based on customs, beliefs, or practices that have been handed down from past generations.

Matrix Corporation

A complex organizational structure that combines functional and product departments in a dual authority system.