Which of the Following Include the Four Basic Resources Supplied

question 198

Multiple Choice

Which of the following include the four basic resources supplied by households?

• A)natural resources, labor, intelligence, capital
• B)money, labor, natural resources, entrepreneurial ability
• C)intellectual ability, physical ability, money, natural resources
• D)labor, capital, intelligence, entrepreneurial ability
• E)labor, natural resources, entrepreneurial ability, capital

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Definitions:

Fair Value

The figure that represents either the income from an asset sale or the expense for settling a liability during a coordinated trade between market participants on the agreed upon date of appraisal.

Fair Value

An estimation of the price at which an asset or liability would be willingly exchanged between market participants at an arm's length transaction.

Consolidated Balance Sheet

A financial report that merges the assets, liabilities, and equity of a parent company with its subsidiaries, depicting them as one unified entity.

Identifiable Net Assets

Assets of an acquired company that can be clearly identified and valued at the time of acquisition.