Plant, equipment and supervision that have been supplied in advance for use in production are known as:
A) supplied resources.
B) committed resources.
C) used resources.
D) budgeted resources.

Question

Quizplus · Accepted Answer

The term "committed resources" is commonly used to refer to plant, equipment, and supervision that have been supplied in advance for use in production. These resources are already dedicated to the production process and cannot be easily diverted to other uses. Other options such as "supplied resources," "used resources," and "budgeted resources" do not accurately describe this concept.

Plant, Equipment and Supervision That Have Been Supplied in Advance