What Is Land Labor And Capital? Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else. The last resource, entrepreneurship, refers to the ability to put the other three resources together to create value. What are examples of land labor and capital? Land
Are Patents Intangible Assets? Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory. Why are intangible assets assets? Intangible assets have value thanks to the sole legal or intellectual rights they enjoy. Intangible
What Are The Four Subdivisions For Plant Assets? land, land improvements, buildings, and equipment. What are the four categories of plant assets? Buildings. Equipment. Land. Improvements. What are plant assets? Plant assets, also known as fixed assets, are any asset directly involved in revenue generation with a useful life greater than one year. Named during
How Do You Classify Financial Assets? In accordance with IAS 39, financial assets are to be classified in the following four categories: 1. financial assets at fair value through profit or loss; 2. held-to-maturity investments; 3. loans and receivables; 4. Can financial assets be created or destroyed? No financial assets are created or destroyed. Cash
How Can You Be An Asset To The Company Best Answer? Well, I can be an asset to your company by using my valuable qualities from my past job. Such as, I am a hard worker and proactive person, my communication with people is good especially with my main customers and with my co-workers. I
Which Of The Following Is Considered As A Tangible Resource Of A Firm? Tangible resources are physical items including cash, inventory, machinery, land or buildings. These items can be easily liquidated and have a set value. Which of the following is a tangible resource? Tangible resources are physical items including cash, inventory, machinery, land or
Which Is A Criterion That Must Be Met In Order For An Item To Be Recognized As An Intangible Asset Other Than Goodwill? (d) The requirement is to identify the criterion that must be met in order for an item to be recognized as an intangible asset other than goodwill. Answer (d) is correct because
Which Of The Following Is An Example Of Changing Physical Capital? When you say physical capital, it refers to the additional machinery, building, space etc. Therefore an example of changing physical capital is B. Building extra space in the factory . By doing this, you are adding additional physical location in where your employee or
Is Insurance A Financial Product? Stocks, bonds, loans, commodity assets, real estate, and insurance policies are examples of financial goods. What is considered a financial product? Answer: A financial product is an instrument in which a person can either: make a financial investment (for example, a share); borrow money (for example, credit cards, loans or
Is Electricity A Capital Good? They do not lose their usability through a single use but are used over a long period of time. Capital goods of all types such as machines, plants, factory buildings, tools, implements, tractors, etc. … There are many goods such as electricity, coal, etc. which are used both as consumers’