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Question
Men, Money Material and Machines are included in
Options:
A .  factors of production
B .  resources
C .  budget preparation
D .  cost analysis
Answer: Option B
Men, Money Material and Machines are included in resources. Resource management is the process by which businesses manage their various resources effectively. Those resources can be intangible – people and time – and tangible – equipment, materials, and finances. It involves planning so that the right resources are assigned to the right tasks.

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