Resources that are surrendered to achieve a particular objective in business are known as:
A) resources.
B) expenses.
C) assets.
D) costs.

Question

Quizplus · Accepted Answer

Resources that are surrendered to achieve a particular objective in business are generally referred to as costs. Costs are the monetary value of the resources used up in the production of goods or services. They are crucial to the functioning of a business, as they help to determine the profitability of a venture. While assets, resources, and expenses are also important in business, they do not specifically refer to the resources surrendered to achieve a particular objective.

Resources That Are Surrendered to Achieve a Particular Objective in Business