What does the term resource mean?
Answer and explanation
Correct answer: A tool, material, or facility that helps complete a task
A resource is anything useful that can support an activity or help achieve an objective. In business, examples include money, time, workers’ skills, materials, machines, information, and facilities. A problem, mistake, or fear may affect work, but it is not normally a resource used to complete it.
Frequently asked questions
What is the correct answer to this question?
A tool, material, or facility that helps complete a task
Why is this the correct answer?
A resource is anything useful that can support an activity or help achieve an objective. In business, examples include money, time, workers’ skills, materials, machines, information, and facilities. A problem, mistake, or fear may affect work, but it is not normally a resource used to complete it.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Concept, characteristics and objectives of business.
