Answer:
Scarcity is the central economic problem in all societies, irrespective of the type of economic system.". Discuss. Scarcity is the inability to satisfy all wants of due to a lack in resources or supply, where human want exceeds the output this can lead to something becoming scarce.
Explanation:
Scarcity is the central economic problem in all societies, irrespective of the type of economic system.". Discuss. Scarcity is the inability to satisfy all wants of due to a lack in resources or supply, where human want exceeds the output this can lead to something becoming scarce.
Answer:
Checks and balances, principle of government under which separate branches are empowered to prevent actions by other branches and are induced to share power. Checks and balances are applied primarily in constitutional governments.
Answer:
B and D
Explanation:
A is not true because standard costs are usually updated at the least every year with the aim of making it reflect actual costs which is reasonable because it shows that those costs are attainable.
B is true because as noted in A above, standard costs are updated annually to reflect attainable or achievable costs. If something cannot be achieved they should not be made standards.
C is not true because practical standards are different from ideal standards. practical standards are based on NORMAL operating conditions which will take into account the percentage of normal wastage and provision for machine breakdown; whereas ideal conditions would ignore wastage and breakdown because it assumes <em>perfect</em> rather than <em>efficient </em>working conditions.
D. is true because standard cost is the cost of producing a unit of a company's output.
The statements that are true regarding Soong May-ling, known to the public as Madame Chiang is: Her American education made her an effective diplomat in Chinese-American relations.
<h3>Who is Soong May-ling?</h3>
Soong May-ling who is popularly known as Madame Chiang was the wife of the former president of china who was President Chiang Kai-shek.
Hence, Soong May-ling American education made it possible for her to be an effective diplomat in Chinese-American relations.
Learn more about Soong May-ling or Madame Chiang here:brainly.com/question/4218288
brainly.com/question/26968243
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