Asked by Dontae Perkins on Jul 07, 2024
Verified
Which of the following would be classified as a natural resource?
A) Patent on an oil extraction process.
B) Land held as an investment.
C) Land improvements.
D) Diamond mine.
E) Goodwill.
Natural Resource
Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.
Diamond Mine
A type of mining operation that extracts diamonds from the earth's mantle.
- Distinguish between physical and non-physical assets, encompassing their categorization and assessment of value.
Verified Answer
NS
Nicole SchubertJul 13, 2024
Final Answer :
D
Explanation :
A diamond mine is a natural resource as it is a deposit of a naturally occurring material that has economic value.
Learning Objectives
- Distinguish between physical and non-physical assets, encompassing their categorization and assessment of value.