The Economic Resource That Organizes the Use of Other Economic

question 272

Multiple Choice

The economic resource that organizes the use of other economic resources is called

• A) labor.
• B) capital.
• C) entrepreneurship.
• D) land.

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Definitions:

Shareholder

An individual or entity that owns shares in a company and holds a stake in its ownership and profits.

Dissolved

The process of legally dissolving a corporation or partnership, effectively ending its existence.

Close Corporation

A business structure characterized by a small number of shareholders, no need for formal board meetings, and less stringent regulatory requirements.

Managerial Control

A theory of corporate management that favors insulating managers from shareholders by limiting the shareholders’ power to vote and by making it difficult for the shareholder to sue managers.