Asked by
Jasmin Estrada
on Dec 12, 2024Verified
Which of the following is true of resources?
A) Resources are inputs used to produce goods and services.
B) Human resources reflect the skills and productive knowledge of human beings.
C) With the passage of time, investment activities can increase the availability of resources.
D) All of the above are true.
Human Resources
The department within an organization that manages recruitment, administration, and training of staff, as well as fostering a positive work environment.
Investment Activities
Actions undertaken by individuals or entities to allocate resources, often money, with the expectation of generating a future benefit or profit.
Goods and Services
The tangible products (goods) and intangible activities (services) that satisfy human wants or needs and are offered in the marketplace.
- Recognize the role of resources in economic activities and their categorization.
- Grasp the basic ingredients and outcomes of economic decisions, including choice and competitive behavior.
Verified Answer
SR
Learning Objectives
- Recognize the role of resources in economic activities and their categorization.
- Grasp the basic ingredients and outcomes of economic decisions, including choice and competitive behavior.