For a Modern Country Innate Resources Include

question 49

Multiple Choice

For a modern country innate resources include

• A)management, developed capital markets and an efficient legal system.
• B)a large home market, and good transport and communication facilities.
• C)large military forces and a space capability.
• D)a and b.

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Definitions:

Amortization

The gradual reduction of a debt or the spreading of the cost of an intangible asset over its useful life.

Asset Turnover

An efficiency indicator that evaluates how a company's assets are used to produce revenue from sales.

Goodwill

The intangible asset that arises when a business is purchased for more than the sum of its net assets' fair market value, reflecting brand, customer loyalty, and other non-physical assets.

Depletion

The allocation of the cost of natural resources over their useful life or extraction period.