Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What determines the utility of a resource?
What determines the utility of a resource?
- The user's knowledge (correct)
- The scarcity of the resource
- The quantity available
- The qualitative limit
Why is management necessary for resources?
Why is management necessary for resources?
- Resources have alternate uses
- Resources are interrelated
- Resources have qualitative limits
- Resources are limited and some are scarce (correct)
What makes an asset become a resource?
What makes an asset become a resource?
- Accessibility (correct)
- Quantitative limit
- Qualitative limit
- Interchangeability
Why is the total picture of resources more important in management?
Why is the total picture of resources more important in management?
Signup and view all the answers
What characteristic defines a completely limited resource quantitatively?
What characteristic defines a completely limited resource quantitatively?
Signup and view all the answers
