The Feasible Means of Converting Raw Inputs Such as Steel

question 159

Multiple Choice

The feasible means of converting raw inputs such as steel, labor, and machinery into an output are summarized by:

• A) Land.
• B) Production.
• C) Capital.
• D) Technology.

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Definitions:

Asset

Resources owned by a company or individual that have economic value and can be converted into cash.

Parent-subsidiary Relationship

A corporate structure where one company (the parent) controls another company (the subsidiary) typically through ownership of a majority of its shares.

Partnership

A formal business enterprise where multiple individuals collaborate in management and profit distribution.

Cost Method

An accounting method where investments are recorded at their original purchase cost, without adjustment for increases or decreases in market value.