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Gabriela Bezanilla
on Oct 24, 2024

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Resources that are surrendered to achieve a particular objective in business are known as:

A) resources.
B) expenses.
C) assets.
D) costs.

Resources

Assets, materials, or other inputs necessary for an organization to produce goods or services and operate effectively.

Expenses

Outflow of money to another person or company to pay for an item or service, or for a category within the income statement.

Costs

The total amount of money required for the production of goods or services, including materials, labor, and overhead expenses.

  • Separate the various costs connected to production and their accounting procedures.
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Genique OliverOct 24, 2024
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