When Classifying Controls on the Basis of the Resources Involved,we

question 58

Multiple Choice

When classifying controls on the basis of the resources involved,we find that one class of resources is related to the control of all other resource classes as well.Which resource class overlaps all other classes?

• A)Physical resources
• B)Human resources
• C)Financial resources
• D)Information resources
• E)None of these.

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Definitions:

Limited-Liability

This is a legal status that prevents a company's shareholders from being personally liable for the company's debts or liabilities beyond their investment in the company.

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

State

A political entity with a centralized government that has sovereignty over a geographic area.

Partnership

An association of two or more persons to carry on as co-owners of a business for profit.