The Four Main Categories of Resources Are

question 156

Multiple Choice

The four main categories of resources are

• A) labor,money,capital,and inputs
• B) capital,land,raw materials,and entrepreneurship
• C) raw materials,money,labor,and capital
• D) land,capital,labor,natural resources,and entrepreneurship
• E) human capital,physical capital,labor,and natural resources

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Definitions:

Double-Entry Bookkeeping System

An accounting method that records each transaction in two accounts, ensuring the accounting equation balances.

Single-Entry System

An accounting method where each financial transaction is recorded with a single entry to the accounting records, not offering the check balance of double-entry bookkeeping.

Charges

Fees or prices asked for goods and services, or accusations made against someone in a legal context.

Payments

Transactions or transfers of money that are made to settle a debt or an account.