Natural resources, such as iron ore used in producing finished goods, are classified as ______.
A) supplies
B) accessory equipment
C) component parts and materials
D) raw materials

Question

Quizplus · Accepted Answer

Natural resources are considered raw materials as they are used in their natural state or with minimal processing before being transformed into finished goods. Supplies refer to items used in day-to-day operations such as office supplies, while accessory equipment refers to machinery used to support production but not directly involved in the production process. Component parts and materials are used to construct the finished good, but are not in their natural state like raw materials.

Natural Resources, Such as Iron Ore Used in Producing Finished