Question

Which of the following resources must a business combine in order to be successfully organized? a. Materials, financial, informational, and organizational b. Materials, human, financial, and informational c. Financial, location, materials, and analytical d. Location, product, utility, and price

Answer 1

Answer:

b. Materials, human, financial, and informational

Explanation:

There are four resources required to successfully organize the business.

Material: As for running the business, material as kind of inventory and material including all the assets that is tangible, is required including building, plant and machinery etc:

Human: Human is an essential requirement for business, as human will direct other humans, to work on machinery or other equipment in return of wages.

Financial: Without money there is no survival, as for business or non business. In context of business money provides funds to buy assets and money is paid and received during normal transactions of business.

Informational: Information is the key for understanding various aspects of business, as with information only the managers can take decision related to all other resources in the business.

Therefore, correct option is:

b. Materials, human, financial, and informational