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Total questions: 10
Worksheet time: 5mins
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
