Which of the following would be categorized as capital resources for a college or university?
A)water, trees, and the acreage a campus rests on
B)white boards, overhead projectors, and the expertise of professors
C)exams, fuel oil (which heats the buildings), and electricity
D)the work effort of registrars, clerical assistants, and teaching assistants

Question

Quizplus · Accepted Answer

Capital resources are typically durable goods that can be used in the production of other goods or services. White boards and overhead projectors are examples of durable goods that can be used repeatedly in the production of education services. The expertise of professors can also be considered a capital resource, as it is a specialized form of human capital that is used in the production of education services. While items like water and acreage may be important inputs for a college or university, they are not considered capital resources. Exams, fuel oil, and electricity are typically classified as operating resources, rather than capital resources. Finally, the work effort of registrars, clerical assistants, and teaching assistants are examples of human capital or labor resources, rather than capital resources.

Which of the Following Would Be Categorized as Capital Resources