Resource Management Quiz

What are the types of resources a business has at its disposal?

• Human, physical, and financial

• Natural, technological, and social

• Human, technological, and environmental

• Physical, social, and cultural

Why is it important to manage resources well in a business?

• To increase the number of employees

• To ensure the business performs at its best

• To reduce the number of products

• To eliminate competition

What can happen if resources are neglected in a business?

• It can lead to increased profits

• It can have a negative impact on the business

• It can improve employee satisfaction

• It can enhance customer loyalty

What is the effect of good decision-making on resource management?

• It decreases business costs

• It has no impact on the business

• It can have a positive impact on productivity and efficiency

• It reduces the need for resources

In what format should the report be presented?

• Handwritten on paper

• As a PowerPoint presentation

• As a word processed document in a minimum of 12-point font

• As an email

What is the purpose of using decision-making tools in the report?

• To entertain the directors

• To support your recommendations to the directors

• To replace financial forecasts

• To summarize the report

What are employees considered in a business?

• Financial resources

• Physical resources

• Human resources

• Technological resources

Why is it important to treat employees with sensitivity?

• They are easily replaceable

• They have their own thoughts and motivations

• They are not protected by legislation

• They do not impact the business

What protects workers and makes it crucial to treat them fairly?

• Company policies

• Legislation

• Market competition

• Customer feedback

What is vital for a business in managing human resources?

• Ignoring employee needs

• Recruiting, employing, and treating human resources correctly

• Focusing only on profits

• Reducing employee benefits