Examples of Physical Capital Include _______________________

question 100

Multiple Choice

Examples of physical capital include _______________________.Examples of human capital include ______________________________.

• A) knowledge one picks up through education and training; factories and computers
• B) machines and factories; chairs and desks
• C) knowledge one picks up through education and experience; factories and machines
• D) machines and factories; knowledge one picks up through education and training

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Definitions:

Credit To Inventory

An accounting entry that increases the total value of inventory held by a company, reflecting additions or corrections to stock.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, detailing the repayment period, cash discount, and the due date of payment.

Customer Refunds Payable

A liability account representing amounts owed to customers for returned or unsatisfactory products or services.

Merchandise

Goods or products that are purchased for resale to customers, typically found in a retail or wholesale environment.