In Economics, Capital Is Defined as

question 108

Multiple Choice

In economics, capital is defined as

• A)natural resources, such as water, oil, and iron ore
• B)the natural, unskilled abilities of people
• C)human creations used in the production process
• D)money and other financial assets
• E)the willingness of business owners to take risks

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Definitions:

Informational Return

A tax document that entities use to report certain types of payments made to the IRS, like income from self-employment or dividends.

Internal Revenue Service

The U.S. federal agency responsible for administering and enforcing the tax laws and collecting taxes.

Corporate Officer

Executives who are appointed by a corporation's board of directors to manage the corporation's affairs.

Day-To-Day Operations

The regular, routine activities necessary for a business or organization to function effectively.