What term describes a supply of resources kept for future use?

Study for the Wonderlic Basic Skills Test (WBST) Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

Multiple Choice

What term describes a supply of resources kept for future use?

Explanation:
The term that best describes a supply of resources kept for future use is "stock." In economic and financial contexts, stock refers to the total supply of a resource that is available at any given point in time. This can include goods, materials, or other resources that an individual or organization maintains to ensure they have enough to meet future needs or demands. Using the term "stock" implies a sense of readiness and availability, emphasizing that these resources are set aside specifically for future use. This contrasts with other terms like "reserves," which can imply a more specific context such as a portion of a resource that can be drawn upon but may not fully capture the idea of a general supply held for future use. In summary, "stock" accurately conveys the idea of a stored supply of resources, making it the appropriate choice for this question.

The term that best describes a supply of resources kept for future use is "stock." In economic and financial contexts, stock refers to the total supply of a resource that is available at any given point in time. This can include goods, materials, or other resources that an individual or organization maintains to ensure they have enough to meet future needs or demands.

Using the term "stock" implies a sense of readiness and availability, emphasizing that these resources are set aside specifically for future use. This contrasts with other terms like "reserves," which can imply a more specific context such as a portion of a resource that can be drawn upon but may not fully capture the idea of a general supply held for future use.

In summary, "stock" accurately conveys the idea of a stored supply of resources, making it the appropriate choice for this question.

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