Resources That Are Not Physical in Nature,including Such Things as Relationships

question 12

Multiple Choice

Resources that are not physical in nature,including such things as relationships with suppliers,an organization's culture,business processes or the skills of the founders are ________ resources.

• A) Ephemeral
• B) Intangible
• C) Creative
• D) Exemplary

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Definitions:

Capital Input

The resources used in the production process, including buildings, machinery, and equipment.

Labor Input

The total hours of work or number of workers employed in the production of goods and services.

MRTS

The Marginal Rate of Technical Substitution; the rate at which one input can be substituted for another input in the production process, while keeping the output level constant.

Rawlsian View

A philosophical approach to justice that emphasizes fairness and equality, proposing principles to structure society in a way that benefits the least advantaged members.