Which of the Following Is an Example of a Resource

question 39

Multiple Choice

Which of the following is an example of a resource that normally would not be evaluated as part of the "resource sufficiency" stage of organizational feasibility analysis?

• A) Ability to form favorable business partnerships
• B) Financial resources
• C) Affordable office space
• D) Key equipment needed to operate the business
• E) Key support personnel

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.

Profit

The financial gain obtained when the amount earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

TR

Total Revenue, which is the total income generated by a business from its sales of goods or services.

Long Run

A time period in economic theory during which all factors of production and costs are variable, allowing for full adjustment to changes.