Unit 1 Business Management - Resource needs - 3.2

Select the MOST correct term for the definition of Resources

• Resources are objects needed for the business to function properly.

• Resources are objects and people who are needed for the business to function properly.

• Resources are the things, including objects that are needed for the business to function properly.

• Resources include the people and objects that are needed for the business to function properly.

Resources are part of which Environment

• Macro

• External

• Internal

• Operating

Natural resources include?

• people, land, water and raw materials

• land, water, machines and people

• land, water, and raw materials

• subcontractors, land , water and raw materials

Select the MOST correct definition for Natural Resources

• Items the business uses that come form the natural environment. Examples include land, water, people and raw materials.

• Items the business uses that come from the natural environment. Examples include land, water and raw materials.

• Items the business uses that come from the natural environment. Examples include land, water, machines and raw materials.

• Items the business uses that come from the natural environment. Examples include land, water, capital and raw materials.

Failing to use natural resources wisely and to not harm the environment during the production process will make it more difficult for a business to attract and retain customers and employees.

• False

• True

Select the MOST correct definition for Labour Resources .

• The people that provide their skills, effort and knowledge to the business.

• The people that provide their skills, money and knowledge to the business.

• The people that provide their skills, labour and knowledge to the business.

• The people that provide their, labour, money, skills and knowledge to the business.

The tools and machinery that are used to produce goods and perform services are called....

• human resources

• capital resources

• natural resource

• labour resources

Select the Most correct definition for Capital Resources

• The tools, labour and machinery that are used to produce goods or provide services.

• The tools, knowledge, labour and machinery that are used to produce goods or provide services.

• The capital that is used to produce goods or provide services.

• The tools and machinery that are used to produce goods or provide services.

Which is NOT part of Labour

• Knowledge

• Subcontractor

• Time

• Tools

How many categories of resources does a business need to plan for?

• 4

• 3

• 2

• 5