Question

Resources are defined as:

• A. Resources that are under direct control of an individual, family or community
• B. Material & human attributes that satisfy one's wants
• C. Feelings & opinions pertaining to a resource (material or personal)
• D. Resources that serve as a source of strength and stability in a given situation

Hint:

Remember the 'U-S-A' of resources: Utility (useful), Scarcity (limited), and Accessibility (available). Any attribute, whether it belongs to a person or is an object, that helps in fulfilling a goal is a resource.

Answer 1

The Correct Option is B

Step 1: Understanding the Question:
The question asks for the fundamental definition of 'resources' within the context of Home Management.
In Home Science, understanding resources is crucial for effective decision-making and achieving family goals.

Step 2: Detailed Explanation:

• 1. Definition of Resources: Resources are anything we use to achieve our goals. They are the means available to an individual or family to satisfy their needs and wants. Traditionally, in management science, resources are defined as those material and human attributes that possess utility and can be utilized to reach a desired end state.

• 2. Classification of Resources: Resources are broadly classified into two categories: Human Resources and Non-human (Material) Resources. Human resources include time, energy, skills, knowledge, and attitude. Material resources include money, equipment, community facilities, and land.

• 3. Characteristics of Resources: All resources share common characteristics: they are useful (utility), they are limited in supply (scarcity), they are inter-related, and they involve alternative uses. The management process involves planning, organizing, and controlling these limited resources to maximize satisfaction.

• 4. Rationale for the Answer: Option (B) is the most comprehensive definition because it encompasses both the 'what' (material and human attributes) and the 'why' (to satisfy wants). While resources do provide stability (Option D) and can be under community control (Option A), these are attributes or types of resources, not the core definition. Feelings and opinions (Option C) are psychological factors that might influence resource perception but are not the resources themselves.

• 5. Practical Application: Effective resource management requires a person to recognize the value of both tangible (money) and intangible (skills) resources to improve the quality of life.

Step 4: Final Answer:
Resources are defined as material and human attributes that satisfy one's wants.