If a Resource Is Always Available When Needed,then It

question 64

Multiple Choice

If a resource is always available when needed,then it

• A)will be more expensive than other resources.
• B)is not scarce.
• C)has a high opportunity cost.
• D)is not tangible.
• E)is scarce.

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Definitions:

Risk

The potential for losses or less-than-expected returns, present in all types of investments and business activities.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Investing Activities

Activities involving the buying and selling of long-term assets and investments, excluding those considered as cash equivalents.

Financing Activities

Activities that result in changes in the size and composition of the contributed equity and borrowings of an entity, often reflected on the cash flow statement.