Which of the following best describes resources from a total cost and asset management perspective?

The choice that accurately describes resources from a total cost and asset management perspective is that they may include time, monetary, human, and physical investments.

In total cost and asset management, resources are viewed broadly to encompass various forms of capital necessary for an organization's operations. These resources are not defined solely in financial terms; they can also include human resources, such as skills and labor, as well as time, which is critical for project scheduling and execution. Physical investments, such as machinery and infrastructure, are also considered integral to the resource pool. This comprehensive view recognizes that effective management must account for all types of resources that contribute to the achievement of organizational goals.

Other perspectives, like considering resources as fixed or limited to only certain types, do not capture the full scope necessary for effective cost and asset management. Resources are dynamic and can change in nature and availability, making this broader definition essential for successful planning and operation.