Which combination of the below are basic requirements of business resource? i. Money and Machines...

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Which combination of the below are basic requirements of business resource?

i. Money and Machines

ii. Materials and Money

iii. Market and Mean

iv. Materials and Man

  • A) i and ii
  • B) ii and iii
  • C) i and iv
  • D) ii and iv

Correct Answer: C) i and iv

Explanation

Let's go through each option to determine which combination of requirements are the basic requirements of business resources.

Option A includes money and machines. Money is an important resource that businesses need to buy materials, pay employees, and cover other expenses. Machines, such as computers and equipment, are also important for businesses to carry out their operations. So, option A is a possible combination of basic business resource requirements.

Option B includes materials and money. Materials are the physical items that businesses use to produce goods or provide services. Money, as mentioned earlier, is necessary for various aspects of a business. So, option B is also a possible combination of basic business resource requirements.

Option C includes money and man. As we discussed earlier, money is essential for businesses. Man refers to the people or employees who work in the business. Employees are crucial for carrying out the day-to-day operations of a business. So, option C is the correct combination of basic business resource requirements.

Option D includes materials and man. As we mentioned earlier, materials and employees are essential for a business. So, option D is also a possible combination of basic business resource requirements.

To summarize, the correct combination of basic business resource requirements is money and man, which is option C. Money is needed for various expenses, and employees are necessary for the day-to-day operations of a business.

It's important to note that while machines and materials are also important resources for businesses, they are not part of the correct combination of basic business resource requirements in this question.

I hope this explanation helps you understand the basic requirements of business resources!



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