A Man-Made Resource Such as a Building or a Machine

question 164

Multiple Choice

A man-made resource such as a building or a machine is an example of which resource?

• A) Entrepreneurial ability
• B) Labor
• C) Physical capital
• D) Human capital

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Definitions:

Old Accounts Receivables

Outstanding invoices a company has yet to collect from customers past the due date.

Percentage of Receivables Basis

An accounting method used to estimate the amount of receivables that will not be collected by calculating a percentage of the total receivables.

Income Statement Relationships

The connections between various financial items on the income statement, illustrating how sales revenue affects net income.

Nontrade Receivables

Monetary claims against others that cannot be classified as trade receivables, often arising from financial transactions.