1. Should be people be listed on the balance sheet as an asset?
2. Which of the following is typical of an industry with high investment intensity?
a. Firms operate at or near capacity.
b. Downward pressure on prices is low when demand slackens.
c. On average, the industry is much more profitable than those with a lower level of investment.
d. The amount of fixed and working capital required to produce a dollar of sales is small.