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Which is a correct example of a resource?

Answer and explanation

Correct answer: Money and labour

A resource is a useful input or means employed to achieve an objective. Money can purchase inputs and finance operations, while labour provides human effort, knowledge, and skills. Time, materials, equipment, and information can also be resources. Laziness, confusion, and excuses do not help produce the desired business output.

Related tags

ResourcesLabourMoneyConceptCharacteristics And Objectives Of BusinessConcept Characteristics And Objectives Of BusinessBusinessTrade And CommerceBusiness Trade And CommerceBusiness Studies

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