Which is a correct example of a resource?
Answer and explanation
Correct answer: Time money skills and materials
A resource is an input that can be used to perform work or achieve an objective. In an enterprise, time, money, human skills, materials, equipment, and information can support production or decision-making. A dream may inspire an idea, while a guess or fear may influence thinking, but none alone is a usable business resource. Thus, option A is correct.
Frequently asked questions
What is the correct answer to this question?
Time money skills and materials
Why is this the correct answer?
A resource is an input that can be used to perform work or achieve an objective. In an enterprise, time, money, human skills, materials, equipment, and information can support production or decision-making. A dream may inspire an idea, while a guess or fear may influence thinking, but none alone is a usable business resource. Thus, option A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship.
