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Chapter 1: Problem 14

Which of the following would not be classified as a capital resource? a. The Empire State Building. b. A Caterpillar bulldozer. c. A Macintosh computer. d. 100 shares of stock in General Motors.

Short Answer

Expert verified
Option d, 100 shares of stock in General Motors, would not be classified as a capital resource because it represents an investment in the company rather than a direct contribution to the production of goods and services.

Step by step solution

01

Option a: The Empire State Building

The Empire State Building is a commercial building, which houses offices and serves as a place where various businesses operate. As it is used in the production of goods and services, it would be classified as a capital resource.
02

Option b: A Caterpillar bulldozer

A Caterpillar bulldozer is a piece of heavy machinery used in construction, mining, and other industries for various tasks, ultimately helping in the production of goods and services. Thus, a Caterpillar bulldozer would be classified as a capital resource.
03

Option c: A Macintosh computer

A Macintosh computer is a piece of technology that is commonly used in various industries to perform tasks, such as data analysis, document creation, and website design. As it aids in the production of goods and services, a Macintosh computer would also be classified as a capital resource.
04

Option d: 100 shares of stock in General Motors

100 shares of stock in General Motors represents an investment in the company rather than a direct contribution to the production of goods and services. Owning shares in a company provides the shareholder with a portion of the returns generated from the company's operations, but it doesn't necessarily contribute to the actual production process. Therefore, 100 shares of stock in General Motors would not be classified as a capital resource. Thus, the correct answer is: d. 100 shares of stock in General Motors.

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