Which of the Following Is an Example of a Firm's

question 21

Multiple Choice

Which of the following is an example of a firm's tangible resources?

• A) Reputation
• B) Equipment
• C) Human capital
• D) The ability to create new technology faster than competitors

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Definitions:

Sales Volume

refers to the number of units sold within a reporting period, used as a measure of business performance and market demand.

Variable Costs

Expenses that change in proportion to the production output or sales of a company, such as raw materials and direct labor costs.

Fixed Costs

Costs that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance premiums.

Initial Investment

The sum of money allocated to initiate a project, acquire an asset, or invest in a business operation.