Multiple Choice
Which one of the following characteristics most applies to a discount brokerage firm?
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1. Introduction to Accounting
Types of Accounting
Multiple Choice
Which of the following best describes the capital resources Teasha needed to open her business?
A
Cash, equipment, and buildings used to operate the business
B
Employees and management staff
C
Patents and trademarks
D
Advertising and marketing strategies
Verified step by step guidance1
Understand the concept of capital resources: Capital resources refer to physical assets used in the production of goods and services, such as cash, equipment, and buildings.
Analyze the options provided: Review each option to determine which aligns with the definition of capital resources.
Option 1: Cash, equipment, and buildings used to operate the business. These are tangible assets directly involved in business operations, fitting the definition of capital resources.
Option 2: Employees and management staff. These are human resources, not capital resources, as they represent labor rather than physical assets.
Option 3: Patents and trademarks, and Option 4: Advertising and marketing strategies. These are intangible assets and strategies, not physical assets, so they do not qualify as capital resources.
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