Maintain business resources Chapter 1

Which resource shortage has the biggest impact on operations?

• Equipment

• Staff

• Stock

• There is no impact

The following is NOT an example of a business resource category

• Finance

• Offices

• Technology

• Power

True of False. Another term for 'Stock' is 'Inventory'

• True

• False

Effective resource management covers

• Accurate projecting

• Considers impacts and constraints

• Involves planning

• All of the above

Which of the following is considered a constraint on resource needs?

• Train running late

• Weather is too cold

• Staff shortages

• TV not working

Good resource ______ help in avoiding delays and wastage

All levels of planning require ....(the missing section in the orange box)?

• Nothing further

• Controls such as P&Ps

• Planning to plan

• Supervisor permission

True or False. When deciding on a viable supplier, going with the most cost effective (cheapest) is always best.

• True

• False

Operational plans are considered

• day-to-day

• Long term

• Not necessary

• Strategic

How many categories of business resources are there?

• 4

• 5

• 6

• 7