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Financial, Physical, and Labor Resources

Explain what financial resources, physical resources and labor resources are and give an example of each.

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Financial resources are those cash and cash equivalents (investments that can be converted into cash relatively quickly) and long term investments of a firm that can be used to acquire physical or labor resources or to pay liabilities. Examples of financial resources include cash in a ...

Solution Summary

The solution defines and gives examples of financial, physical, and labor resources.