ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The people who work for your business are your capital resources.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.

Detailed explanation-2: -Entrepreneurship is one of the resources economists categorize as integral to production, the other three being land/natural resources, labor, and capital. An entrepreneur combines the first three of these to manufacture goods or provide services.

Detailed explanation-3: -There are three types of resources in business: human, financial, and physical. Human resources are the people who work for the company. They include employees, managers, and executives. Financial resources are the money that the company has to spend. This includes revenue, investments, and credit.

Detailed explanation-4: -Capital resources are goods produced and used to make other goods and services. Examples of capital resources are an office building, office copying machine, pots and pans and a wrench.

There is 1 question to complete.