Which of the Following Is True of Resources

question 209

Multiple Choice

Which of the following is true of resources?

• A) Resources are inputs used to produce goods and services.
• B) Human resources reflect the skills and productive knowledge of human beings.
• C) With the passage of time, investment activities can increase the availability of resources.
• D) All of the above are true.

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Definitions:

Equipment Account

A ledger account that records the purchase price and subsequent expenses related to the acquisition of equipment.

Installation Costs

Expenses incurred to place an asset into service and prepare it for its intended use.

Freight Costs

Expenses incurred by a company for transporting goods, which may include shipping, handling, and insurance fees.

Asset Retirement Costs

Costs associated with removing equipment or property from service and disposing of it in accordance with legal and regulatory guidelines.