Resource Flashcards
5 cards from real NERC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 5 Resource flashcards as text
What is a primary resource in production management?
Answer: All of the above
Resources in production management include labor, machinery, and financial capital, as they are all essential for producing goods or services.
Which resource is considered non-renewable?
Answer: Coal
Non-renewable resources, like coal, cannot be replenished once they are used, unlike renewable resources such as solar and wind energy.
What is the term for resources that can be replenished naturally over time?
Answer: Renewable resources
Renewable resources are those that naturally replenish themselves over time, such as sunlight, wind, and water.
What type of resource is human labor classified as?
Answer: Human resource
Human resources refer to the people who contribute their skills, knowledge, and labor to the production process.
What does "resource allocation" refer to in business?
Answer: Distributing available resources efficiently
Resource allocation is the process of efficiently distributing resources, such as time, money, and labor, to meet business objectives.