Which of the Following Resources Is Necessary to Efficiently Combine

question 116

Multiple Choice

Which of the following resources is necessary to efficiently combine other resources to produce goods and services?

• A) natural resources
• B) capital
• C) labor
• D) entrepreneurial ability
• E) financial institutions

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Definitions:

Interest Earned

The amount of income generated from an investment or the amount of interest accumulated on a financial asset over a period of time.

Bond Payable

A long-term debt instrument issued by a company, promising to pay the holder a specified amount of interest over a set period and to repay the principal on the bond's maturity date.

Long-Term

Referring to assets, liabilities, or investments that are expected to be held or mature in more than one year.

Interest-Bearing Note

A promissory note that comes with the agreement to pay the holder a fixed amount of interest over a specified period until the principal amount is repaid.