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:

Defect Inspections

The process of examining products, components, or processes for flaws or deviations from specified standards to ensure quality.

Quality Saves Money

The principle that investing in higher quality processes, materials, and standards reduces costs over time by minimizing waste, errors, and defects.

Continuous Commitment

An ongoing, enduring dedication of an individual or group to a particular course of action or entity.

Statistical Methods

Techniques used to collect, analyze, interpret, and present numerical data to make informed decisions or predictions.