In Economics,the Term Capital Is Used to Refer to

question 87

Multiple Choice

In economics,the term capital is used to refer to

• A) money.
• B) stocks and bonds.
• C) equipment and structures used in production.
• D) All of the above are correct.

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Definitions:

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to customers.

Work In Process

Partially finished goods that are in various stages of production in a manufacturing company's inventory.

Direct Materials

Raw materials that are directly traceable and contribute to the finished product in a manufacturing process.

Total Cost

The complete sum of all expenses incurred in producing a product or delivering a service, including both fixed and variable costs.