Which term describes the resources that are converted into outputs?

Which term describes the resources that are converted into outputs?

• A. Outputs
• B. Revenues
• C. Inputs
• D. Costs

Answer: (C)

Resources put into a production process to be transformed into something else are called inputs. They include materials, labor, equipment, energy, and information. In farming, inputs like seeds, fertilizer, water, and labor are used to grow crops and are converted into outputs such as harvested produce. This wording fits the description best because it focuses on what is used up or transformed to produce the final product. Outputs are the finished goods, revenues are the money earned from selling them, and costs are the expenses incurred to produce them.

Resources put into a production process to be transformed into something else are called inputs. They include materials, labor, equipment, energy, and information. In farming, inputs like seeds, fertilizer, water, and labor are used to grow crops and are converted into outputs such as harvested produce. This wording fits the description best because it focuses on what is used up or transformed to produce the final product. Outputs are the finished goods, revenues are the money earned from selling them, and costs are the expenses incurred to produce them.