Understanding Resources Quiz
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Questions and Answers

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?

  • 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?

  • Accessibility (correct)
  • Quantitative limit
  • Qualitative limit
  • Interchangeability

    • Why is the total picture of resources more important in management?

    <p>All resources are interrelated</p> Signup and view all the answers

    What characteristic defines a completely limited resource quantitatively?

    <p>Time</p> Signup and view all the answers

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