Resources owned by a business are referred to as: a. assets. b. equity. c. revenues. d. liabilities

The question asks for the term that refers to resources owned by a business. Let's look at the options provided:

1. Assets: These are resources owned by a business that have economic value. Assets can be tangible (like machinery or buildings) or intangible (like patents or trademarks). They are used in the production of goods and services to generate revenue.

2. Equity: This represents the owner's interest or claim on the company's assets after liabilities have been deducted. While it is related to the overall worth of a business, it does not directly refer to the resources owned.

3. Revenues: These are the income generated from normal business operations, mainly through sales of goods and services. Revenues are not the resources owned but rather the inflow of assets.

4. Liabilities: These are what a business owes to others, such as loans or accounts payable. Liabilities are the opposite of assets and do not represent resources owned.

Final Answer

The correct answer is a. assets.