Which term describes resources such as buildings, machinery, tools, and equipment used to produce goods and services?

Which term describes resources such as buildings, machinery, tools, and equipment used to produce goods and services?

• A. Attitude
• B. Reserve
• C. Capital resources
• D. Continuation planning

Answer: (C)

Resources used to produce goods and services include buildings, machinery, tools, and equipment. These are the man-made inputs that help turn inputs into outputs, so they’re called capital resources. This is distinct from attitudes, which are mindset traits; reserve or savings isn’t a production input; continuation planning focuses on keeping operations going after disruptions, not on the physical inputs to production. In the broader view of factors of production, capital refers to the machinery and facilities that enable production, making capital resources the correct term for these items.

Resources used to produce goods and services include buildings, machinery, tools, and equipment. These are the man-made inputs that help turn inputs into outputs, so they’re called capital resources. This is distinct from attitudes, which are mindset traits; reserve or savings isn’t a production input; continuation planning focuses on keeping operations going after disruptions, not on the physical inputs to production. In the broader view of factors of production, capital refers to the machinery and facilities that enable production, making capital resources the correct term for these items.