GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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employees of an organization
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funds needed to operate the organization
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tangible items needed to run an organization
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researched facts and figures that provide information about an organization
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Detailed explanation-1: -Some of the most common physical resources include raw materials, buildings and facilities, machinery, energy, and supplies.
Detailed explanation-2: -In an organization, physical resources can be identified as all the tangible items useful in the business’s daily operations. Additionally, they are necessary for the firm’s production, including items beyond the raw materials. Physical resources are utilized differently for product and service-based companies.
Detailed explanation-3: -Physical resources include the underlying rocks, soils, air and water that are integral components of terrestrial and aquatic ecosystems. They also include geological features, such as volcanos, caves, canyons, and fossils that characterize the Southwest and help to tell the story of prehistoric life on earth.
Detailed explanation-4: -Organizational resources consist of the concrete materials and tangible assets that support programs, practice improvements, and service delivery. They encompass adequate and stable funding, staffing, facilities and equipment, technology, informational resources, and program materials.
Detailed explanation-5: -Physical resources include materials, equipment, facilities, and infrastructure whereas the team resources are human resources. For a project manager, it is very crucial to understand the distinction between the skills and competencies that are needed in order to manage both types of resources.