Natural Resources

question 88

Multiple Choice

Natural resources

• A)are inputs provided by nature.
• B)include land,rivers,and mineral deposits.
• C)take two forms: renewable and nonrenewable.
• D)All of the above are correct.

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Definitions:

Transfer Ownership

The process of legally moving the rights and responsibilities of an asset or property from one entity or individual to another.

Corporate Shareholders

Individuals or entities that legally own one or more shares of stock in a public or private corporation, granting them rights to dividends and a vote in company matters.

Liability

A cost when a corporate’s responsibility has not been met.

Partnership

Exists when two or more persons associate to conduct a business.