Which is a correct example of a resource?
Answer and explanation
Correct answer: Money, time, and materials
Resources are inputs that help a business perform work and reach its objectives. Money can purchase inputs, time is needed to complete activities, and materials may be transformed into products. Skills, people, tools, and information are other examples. Therefore option A is correct; excuses, fear, and laziness are not productive business resources.
Frequently asked questions
What is the correct answer to this question?
Money, time, and materials
Why is this the correct answer?
Resources are inputs that help a business perform work and reach its objectives. Money can purchase inputs, time is needed to complete activities, and materials may be transformed into products. Skills, people, tools, and information are other examples. Therefore option A is correct; excuses, fear, and laziness are not productive business resources.
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.
