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Lerok [7]
3 years ago
12

Individuals and companies respond to incentives in order to allocate their scarce resources in ways that provide the __________

possible returns to them. Highest or lowest?
Business
2 answers:
Crazy boy [7]3 years ago
8 0

Answer:

highest

Explanation:

In a market system with scarce commodity, the best possible option is to optimize the use of the scarce commodity in order to ensure that the highest return is obtained from the operation. When there is a scarce commodity, there is a need to use the commodity effectively and efficiently. Therefore, the correct option to the question is 'highest'.

MakcuM [25]3 years ago
7 0
Lowest because to show how scarce it is it will have to be low 
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Accounting is an information and measurement system that: I.Communicates business activitiesII.Identifies business activitiesIII
andriy [413]

Answer:

I.Communicates business activities

II.Identifies business activities

III.Records business activities

IV.Helps people make better decisions

Explanation:

Accounting is an information measurement system that identifies business activities, records the business transactions as they occur, in order in which they occur, communicate the result of operations to interested parties  which helps all the stakeholders make informed decision.

The main goal of accounting information is to communicate the true and fair view position of the entity to people that may want to make informed judgment on the entity.

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4 0
3 years ago
_______ is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a
hjlf

Answer:

Insurable interest

Explanation:

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5 0
4 years ago
The pier import store has cash of $34,600 and accounts receivable of $54,200. the inventory cost $92,300 and can be sold today f
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The book value of the company’s assets is the sum of the values of individual assets entered in the books of the company. The following would be its book value:

Cash                                                                                      $34,600

Accounts receivable                                                              $54,200

Inventory                                                                               $92,300

Fixed assets                                                                          $234,500

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7 0
3 years ago
Most jobs are handed down from parent to child in a:
lubasha [3.4K]

Answer:

traditional economy.

Explanation:

7 0
3 years ago
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