Households Supply Four Basic Types of Resources

question 29

Multiple Choice

Households supply four basic types of resources.They include all of the following except

• A)natural resources
• B)final goods and services
• C)capital
• D)entrepreneurial ability
• E)labor

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Definitions:

Current Liabilities

Obligations or debts a company is expected to pay within one year, often including accounts payable, short-term loans, and other similar liabilities.

Liquidity

A measure of how quickly and easily an asset or security can be converted into cash without significantly affecting its market price.

Profitability

A measure of the efficiency and effectiveness with which a company or business generates profit from its operations.

Non-Interest-Bearing Note

A promissory note that does not accrue interest over time, meaning the borrower only repays the principal amount.