Which of the Following Is NOT a Resource Category That

question 2

Multiple Choice

Which of the following is NOT a resource category that organisations use in the pursuit of goals and objectives?

• A) Human
• B) Financial
• C) Physical
• D) Intangible
• E) Information

Comprehend how prices coordinate the actions of buyers and sellers in a market economy.

Identify factors that cause changes in supply, demand, equilibrium price, and equilibrium quantity.

Analyze the conditions necessary for the invisible hand of market prices to work properly.

Understand the nature of market organization and how competition and property rights foster economic efficiency.

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Definitions:

Marginal Utility

The gain in satisfaction or benefit from consuming one additional unit of a good or service.

Soft Drinks

Beverages that are non-alcoholic and typically carbonated, often containing sugar, flavorings, and acids.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.

Utility Per Dollar

Represents the amount of satisfaction or pleasure received per unit of expenditure.