What Are the Two Different Kinds of Resources That Organizations

question 98

Multiple Choice

What are the two different kinds of resources that organizations have?

• A) intangible and tangible
• B) natural and unnatural
• C) reliable and unreliable
• D) financial and technical

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Definitions:

Supplier's Financial Capacity

The ability of a supplier to meet contractual obligations, including production and delivery, based on their financial resources.

Risk Minimization

The process of identifying, assessing, and taking steps to reduce or eliminate risks to an organization.

Internal Validation

The process of reviewing and assessing the internal procedures, controls, and operations of an organization to ensure they are effective and in line with set standards or goals.

Supply Savings

The reduction in costs achieved through efficient supply management practices, including negotiation, strategic sourcing, and procurement efficiencies.