Which statement about organizational assets is true?

The statement that assets are people and items that help the organization function is true because it encompasses the broad definition of what constitutes an asset in an organizational context. Assets can include tangible items such as equipment, buildings, and technology, as well as intangible elements like intellectual property, brand reputation, and, importantly, human resources. Employees bring value through their skills, knowledge, and expertise, playing a crucial role in an organization's success. This holistic perspective on assets reflects how various resources, including both people and physical items, are essential for operational effectiveness, productivity, and overall performance.

In contrast, the other statements are more limited or incorrect in their understanding of organizational assets. Assets are not restricted to just physical items; they can be diverse and multifaceted. They are not liabilities, which represent debts or obligations, and while financial resources are a component of assets, they do not encompass the full scope of what constitutes organizational assets. This broader view is critical for effective asset management and strategic planning within any organization.