Question

Select the correct answer from each drop-down menu.

What is a collective combination of management, money, material, and machinery; and what includes arranging capital for new machinery, raw
materials, and development activities?
Is
An——-is a collective combination of management, money, material, and machinery that work together as a single unit
to achieve the set objectives and execute the plans, while ——- includes arranging capital for new machinery, raw
materials, and training and development activities.

Answer 1

A collective combination of management, money, material, and machinery is called capital. Capital financing includes arranging funds for new machinery, raw materials, and development activities.

Step-by-step explanation:

A collective combination of management, money, material, and machinery that work together as a single unit to achieve the set objectives and execute the plans is called capital. Capital refers to the man-made resources that assist workers in the production of goods or services, such as buildings, factories, tools, and money.

Arranging capital for new machinery, raw materials, and development activities is part of capital financing. It involves obtaining the necessary funds to invest in capital goods and other resources required for business operations.