When a firm acquires the resources needed to perform an activity, it is obtaining
A) practical capacity.
B) resource usage.
C) activity capacity.
D) unused capacity.

Question

Quizplus · Accepted Answer

When a firm acquires the resources needed to perform an activity, it is obtaining "activity capacity." This term refers to the amount of resources (such as labor, equipment, or materials) that a firm has secured to carry out a specific activity or set of activities.

When a Firm Acquires the Resources Needed to Perform an Activity