Which one of the following statements best describes a consolidated balance sheet? a. a balance sheet that includes the assets and liabilities of both the parent company and all of the subsidiaries controlled by the parent companyb. a balance sheet that includes the goodwill of both the parent company and all of the smaller companies purchased by the parent companyc. a balance sheet that includes not only the assets and liabilities of the parent company but also the retained earnings of the parent companyd. a balance sheet that reports both the replacement cost and the fair value of all property, plant, and equipment of the parent companye. a balance sheet that reports both the interest-bearing and the non-interest-bearing liabilities of the parent company

answer; /// i believe that the correct answer is (b) money set aside for emergency repairs;

answer; /// i believe that the correct answer is ///making it easy to work with the organization;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know