True or False The types of resources needed by a business are financial, physical and labor...
True or False
The types of resources needed by a business are financial, physical and labor resources.
Homework Answers
TRUE
A business needs financial, physical and labor resources.
Financial resources are needed to provide funding to the operations.
Physical resources represent assets and other equipments and are needed to carry out the operations.
Labor resources represent the workforce that will carry the operations.
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True or False
The types of resources needed by a business are
financial, physical and labor...
A work center is a physical area of the business in which productive resources are organized...
A work center is a physical area of the business in which productive resources are organized and work is completed. Select one: a. True b. False
True or false, the marginal value product for labor is equal to the marginal physical product...
True or false, the marginal value product for labor is equal to the marginal physical product for labor times the product price?
15. Individuals who combine various resources into a business in pursuit of profit are known as:...
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True or false. when preparing financial statements the accountant assumes that the business will continue to...
True or false. when preparing financial statements the accountant assumes that the business will continue to operate indefinitely
The business concern is owned by one person. * False True If the nullity is related...
The business concern is owned by one person. * False True If the nullity is related to the public policy, then the company is void with relative nullity. * False True The buyer of a Business Concern can change the nature of the business. * True False The Commercial Representative can represent his principal in front of the court. * False True Tools and furniture are fixtures. * False True The debts of the business concern shall be automatically transferred...
statements as true or false. 1. All else equal, countries with more natural resources have a...
statements as true or false. 1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources 2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. 3. The key to prosperity in the 20th century is an economy rich in natural resources. 4. Human and physical capital are only beneficial to an economy when there is an abundance of...
Maximizing profit just means finding the best use of resources. O True © False A loss...
Maximizing profit just means finding the best use of resources. O True © False A loss of a business owner is the punishment for not using resources in the best way. True False Allowing for bankruptcy is unfortunate for the business owner but desirable for the society. O True False If you have absolute advantage in an activity, you also have comparative advantage in that activity. True False There is much more specialization in small communities than in large cities...
Economists classify resources, or factors of production, into four general categories. Take a look at the...
Economists classify resources, or factors of production, into four general categories. Take a look at the statements about resources below. Determine whether each statement is true or false and drag the appropriate label into each box. rue 1. The resource category "land" refers to all natural resources including fertile land, forests, mineral deposits, solar and wind energy, and water. False 2. The resource category "labor" refers to the mental and physical productivity of workers. 3. The resource category capital" refers...
Economists differentiate between these types of capital; physical capital, human capital and financial capital. Which of...
Economists differentiate between these types of capital; physical capital, human capital and financial capital. Which of the following statement is false? Select one: O a. Human capital includes changes in the level of education or training workers possess O b. Financial capital refers to the funds available in an economy for investment spending c. Financial capital refers to expenditures on manufacturing equipment o d. Physical capital includes changes in inventories.
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities...
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
15. Individuals who combine various resources into a business in pursuit of profit are known as: members of a union. farmers. employees. entrepreneurs. 16. In economics, when a business increases investment, it is: raising money. purchasing equipment and machinery. selling stocks and bonds. purchasing stocks and bonds. 17. allow(s) to be more productive. Labor; physical capital Natural resources; labor Physical capital; labor Natural resources; entrepreneurs True/False: 18. Scarcity of resources does not apply to advanced cconomics. F T 19. Business...
statements as true or false. 1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources 2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available. 3. The key to prosperity in the 20th century is an economy rich in natural resources. 4. Human and physical capital are only beneficial to an economy when there is an abundance of...
Maximizing profit just means finding the best use of resources. O True © False A loss of a business owner is the punishment for not using resources in the best way. True False Allowing for bankruptcy is unfortunate for the business owner but desirable for the society. O True False If you have absolute advantage in an activity, you also have comparative advantage in that activity. True False There is much more specialization in small communities than in large cities...
Economists classify resources, or factors of production, into four general categories. Take a look at the statements about resources below. Determine whether each statement is true or false and drag the appropriate label into each box. rue 1. The resource category "land" refers to all natural resources including fertile land, forests, mineral deposits, solar and wind energy, and water. False 2. The resource category "labor" refers to the mental and physical productivity of workers. 3. The resource category capital" refers...
Economists differentiate between these types of capital; physical capital, human capital and financial capital. Which of the following statement is false? Select one: O a. Human capital includes changes in the level of education or training workers possess O b. Financial capital refers to the funds available in an economy for investment spending c. Financial capital refers to expenditures on manufacturing equipment o d. Physical capital includes changes in inventories.
TRUE/FALSE. Mark "A" for true, "B" for false. 16) Money management refers to day-to-day financial activities necessary to manage current personal economic resources while working toward long-term financial security. 16) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 17) 17) The main purposes of personal financial statements are to A) Measure your progress toward financial goals B) Maintain information about your financial activities. C) Provide data for preparing tax forms or applying for...
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