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Questions and Answers
What is the only active factor of production according to the text?
What is the only active factor of production according to the text?
- Human resource (correct)
- Machinery
- Money
- Material
Why is human resource known as Human Assets in the text?
Why is human resource known as Human Assets in the text?
- Employees are often a liability to the organization
- Employees are easily replaceable
- Employees are expensive to maintain
- Employees bring knowledge, skills, and abilities to the organization (correct)
When does an organization not need human resources according to the text?
When does an organization not need human resources according to the text?
- When any post remains vacant due to the resignation or removal of an employee
- When the organization is newly established
- An organization always needs human resources (correct)
- When the organization is expanding
What is the most essential resource in any business organization according to the text?
What is the most essential resource in any business organization according to the text?
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Which factor has to use material, machines, method, and money in an effective way to achieve the organizational targets?
Which factor has to use material, machines, method, and money in an effective way to achieve the organizational targets?
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