The Three Major Categories of Resources Are

question 2

Multiple Choice

The three major categories of resources are

• A) human resources, physical resources, and natural resources.
• B) scarce resources, capital resources, and abundant resources.
• C) financial resources, global resources, and local resources.
• D) common resources, private resources, and capital resources.

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Definitions:

Investment Projects

Initiatives undertaken by a business or organization to invest in new assets, technology, or resources with the expectation of generating future benefits.

Total-Cost Approach

A pricing strategy that considers all costs associated with producing and delivering a product or service to determine its selling price.

Discount Rate

The interest rate used to discount future cash flows to present value.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available for running day-to-day operations.