Resources

What is often considered the most valuable resource for businesses?

• Physical resources

• Human resources

• Financial resources

• Technological resources

What term is sometimes used to refer to employees in a business context?

• Capital

• Labour

• Inventory

• Assets

Which of the following is NOT considered a physical resource?

• Land

• Equipment

• Skills

• Buildings

Why is the effective management of physical resources crucial for businesses?

• They are inexpensive and easy to replace

• They require a high level of capital and are crucial for business activities

• They do not take up space

• They are intangible and have no clear value

What differentiates one business from another in terms of human resources?

• The number of employees

• The skills and knowledge of employees

• The physical appearance of employees

• The location of employees

Which of the following is an example of a tangible resource?

• Innovation

• Customer service

• Computer hardware

• Employee training

For businesses that provide services, what is often the most important resource?

• Physical resources

• Human resources

• Financial resources

• Natural resources

What is the primary role of human resources in a business?

• To manage inventory

• To interact with customers and innovate

• To produce raw materials

• To maintain equipment

Which of the following is NOT a characteristic of physical resources?

• They take up space

• They have a clear value

• They are intangible

• They require capital

What is the significance of human resources in a business that provides services?

• They are less important than physical resources

• They are the most important resource

• They are only needed for manufacturing

• They are not required