The Four Primary Resources Are

question 28

Multiple Choice

The four primary resources are:

• A) land, labor, stocks, and bonds.
• B) land, labor, capital, and entrepreneurship.
• C) land, capital, equipment, and facilities.
• D) land, labor, productivity, and entrepreneurship.

Calculate depreciation values and understand its impact on asset valuation.

Understand the concept of equity and debt financing in a business context.

Apply concepts of percentage change to demographic and economic indicators.

Understand and apply concepts of speed and efficiency in work-related contexts.

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Definitions:

Condition Precedent

A condition in a contract that must be met before a party’s promise becomes absolute.

Condition Subsequent

A condition in a contract that operates to terminate a party’s absolute promise to perform.

Express Condition

A clearly stated, specific requirement within a contract that must be met for the contract to be fulfilled or an obligation to become due.

Contractual Obligation

A duty or commitment that one party is legally required to perform as per the terms of a contract.