Economic Resources Are Also Called

question 249

Multiple Choice

Economic resources are also called

• A)free gifts of nature.
• B)consumption goods.
• C)units of money capital.
• D)factors of production.

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Definitions:

Performance

The level at which an individual, group, or organization accomplishes its goals and objectives, often evaluated against a set of standards.

Potential Performance

An individual's or organization's capacity to achieve output or results beyond current levels, given the right conditions or development.

Actual Performance

Refers to the real and measurable results of an individual's or organization's work activities and efforts.

Process Losses

The inefficiencies that result in diminished productivity or effectiveness within a group’s collaborative efforts.