Which of the Following Is the Fundamental Resource That Is

question 71

Multiple Choice

Which of the following is the fundamental resource that is the basis of labor?

• A)capital
• B)natural resources
• C)time
• D)money
• E)entrepreneurial ability

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Definitions:

Public Companies

Companies whose shares are traded freely on a stock exchange, subject to regulatory reporting requirements and disclosure to the public.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).

Accounting Policies

The distinct guidelines, foundations, methods, regulations, and procedures employed by an organization in the creation and disclosure of financial reports.

Financial Statements

Structured records that convey the financial activities and conditions of a business, entity, or individual, including the balance sheet, income statement, and cash flow statement.