Question

PeoplePapers, a greeting cards manufacturing company, has retail stores in most parts of the country. It hires its employees from the best universities around the world and uses the best equipment in its manufacturing processes. In this scenario, the organization's processes, its employees, and its equipment are examples of its_____. Question 60 options: a) reserves b) resources c) variable costs d) overheads.

Answer 1

Answer: b - resources

Step-by-step explanation:

Resources are materials, human capital, labour, equipment, knowledge, and any other asset that can be used to create value.

The employees and equipment are resources because they are used in the production process to create value.

Overhead cost are costs that cannot be linked to any production process.

Variable costs are costs that changes with the level of output.

Reserves are the part of a company's profit that is kept and used to improve its financial position.