The typical full-service restaurant uses a product-focused process

In the context of business, which of the following statements is true of resources?

A) Being socially responsible is considered a resource for a firm. B) Good reputation for quality services does not constitute a resource. C) Human resources refer to the products that are made by people. D) The funds used to acquire land can be classified as natural resources. E) Intangible resources are those that do not provide a competitive advantage.

Marc Clay was unemployed for the entire year of 2015. In January 2016, Clay obtained full-time employment 60 miles away from the city where he had resided during the 10 years preceding 2016. Clay kept his new job for the entire year of 2016. In January 2016, Clay paid direct moving expenses of $300 in relocating to his new city of residence, but he received no reimbursement for these expenses. In his 2016 income tax return, Clay's direct moving expenses are

a) Fully deductible only if Clay itemizes his deductions. b) Fully deductible from gross income in arriving at adjusted gross income. c) Deductible subject to a 2% threshold if Clay itemizes his deductions. d) Not deductible.