Examveda

Men, Money Material and Machines are included in

A. factors of production

B. resources

C. budget preparation

D. cost analysis

Answer: Option B

Solution (By Examveda Team)

Men, Money Material and Machines are included in resources. Resource management is the process by which businesses manage their various resources effectively. Those resources can be intangible – people and time – and tangible – equipment, materials, and finances. It involves planning so that the right resources are assigned to the right tasks.

This Question Belongs to Management >> Business Management

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