Q223
Men, Money Material and Machines are included in
A.
factors of production
B.
resources
AnswerC.
budget preparation
D.
cost analysis
Answer: Option B
Solution
Answer: Option B
Solution:
Men, Money Material and Machines are included in resources. Resource management is the process by which businesses manage their various resources effectively. Those resources can be intangible – people and time – and tangible – equipment, materials, and finances. It involves planning so that the right resources are assigned to the right tasks.