Resource management

Question 1

What are the 4 types of resources in a business?

Answer 1

Human , physical, financial and information.

Question 2

Give examples of human resources?

Answer 2

Recruitment processes, Motivation, Employment legalization, discipline,development training , reward systems, selections.

Question 3

Give examples of Physical resources?

Answer 3

Work space , equipment-buildings, vehicles and stock.

Question 4

Give examples of Financial resources?

Answer 4

Budgets, working capital and cash flows-
WCapital to purchase new stock, pay employee wages and purchase new stock, meet utility bills, supplier bills. Inability to do this can signify the start of major financial problems.

Question 5

Give examples of information resources?

Answer 5

Sales
Employee detail
Production data
Supplier records
Financial information
Customer detail
Records of costs