Why do we need resources? Required
Conserve means to use all you can, for as long as you can.

True

False

Required
Human resources can be categorized into groups?

5

3

2

4

Required
Define the term "resource".
Required
A skilled worker is someone whose job does not require any particular set of skills.

True

False

Required
Example of a non-renewable resource is .
Required
An electrician is not a human resource.

False

True

Required
Non-human resources are divided in 3 groups.

False

True

Required
Natural resources occur in the environment.

False

True

Required
Example of services are .
Required
Example of goods are .
Required
A renewable resource cannot be exhausted.

True

False

Required
There are ___ types of resources.

2

5

3

4

Required
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Jodi is trying to save money for a down payment on a house. she invests $6,000 into an account paying 5.5% simple interest. for how long must she save if she needs $7,300 for the down payment? a. 2 years b. 3 years c. 4 years d. 5 years

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance