Capital Resources in an Organization Are ________

question 59

Multiple Choice

Capital resources in an organization are ________.

• A) the net profits the organization generates at the end of the financial year
• B) the ingredients used directly in the manufacturing of products
• C) the machines used during the manufacturing process
• D) all the financial assets that the organization possesses
• E) the amounts of money that managers use to purchase goods and services for the organization

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Definitions:

Discharge by Performance

The termination of a contractual obligation when both parties fulfill their respective duties as agreed in the contract.

Discharged

The state of being released from a legal, financial, or other obligation.

Substantially Performed

A legal concept indicating that a contract has been fulfilled enough to meet its essential requirements, despite minor variances from the exact terms.

Concurrent Conditions

In a contract, terms under which each party’s performance is conditioned on the performance of the other; occur only when the parties are required to perform for each other simultaneously.