Resources Managed in Business

What are the four main resources that managers must manage in a business?

• Human resources, financial resources, material resources, and information

• Human resources, financial resources, marketing, and sales

• Financial resources, marketing, sales, and information

• Material resources, marketing, sales, and human resources

Which type of resource includes employees of a business?

• Financial resources

• Material resources

• Human resources

• Information

What do financial resources include?

• Employees and their skills

• Cash, income from sales, and investments

• Equipment and supplies

• Sales reports and economic data

What do material resources involve?

• Managing employees

• Handling finances

• Purchasing equipment and supplies

• Developing marketing strategies

What type of information is considered external?

• Sales reports

• Employee feedback

• Economic trends and business industry info

• Internal memos

What type of information is considered internal?

• Economic data

• Sales reports

• Competitor analysis

• Customer feedback

What is the importance of managing information in a business?

• To increase sales

• To make good decisions

• To reduce employee turnover

• To expand market share

Which type of manager provides information about the equipment and supplies that workers need as material resources.

• top level

• mid level

• first line

• CEO's

True or False: All levels of management are involved with human resources.

• True

• False

True or False: Many businesses believe that employees are their most important resource.

• True

• False