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IgorC [24]
2 years ago
13

Which of these statements demonstrate the economic concept of scarcity? check all that apply. all useful resources are limited i

n their supply. everyone is able to meet all their wants and needs the wants and needs of people are unlimited. resources are scarce, which explains why we are willing to pay for them. a large economy is able to eliminate the effects of scarcity. because of scarcity, individuals must make choices?
Business
2 answers:
Zigmanuir [339]2 years ago
7 0
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
adelina 88 [10]2 years ago
4 0

Answer:

All useful resources are limited in their supply.

The wants and needs of people are unlimited.

Resources are scarce, which explains why we are willing to pay for them.

Because of scarcity, individuals must make choices.

Explanation:

You forgot one :)

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Three employees believe that their pay is too low. One of them quits, the second complains to management about the low pay, and
Charra [1.4K]

Answer and explanation:

The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:

  • Exit:<em> implies quitting or requesting a change of roles within the same organization. </em>
  • Voice: <em>involves providing constructive suggestions about a stressful situation. </em>
  • Loyalty:<em> implies waiting for the issue to be solved by others. </em>
  • Neglect:<em> involves reducing labor efficiency to harm the company's performance. </em>

Thus, in the example, the<em> exit (employee who quits), voice (employee who complains), </em>and<em> loyalty (employee who does nothing)</em> reactions are used by employees even if they share the general idea that payments are low.

4 0
2 years ago
Zhao Co. has fixed costs of $429,000. Its single product sells for $187 per unit, and variable costs are $122 per unit. If the c
otez555 [7]

Answer:

$635,000 and : 34%

Explanation:

Margins of safety is the difference between expected sales and the break-even point.

For Zhao, expected sales are 10,000 units

The break-even points in units = fixed cost/ contribution margin per unit

fixed costs = $429,000

Contribution margin per unit = selling price - variable costs per unit

=$187 -  $122

=$65

break-even point in units = $429,000/$65

break-even point = 6600 units

Margin of safety = 10,000 - 6600 units

=3400 units

In dollars is equal to margin of safety in units x selling price

=3400 x 187

<u>=$635,000</u>

as a percent of expected sales.

=3400/10000 x 100

=0.34 x 10,000

=34%

4 0
2 years ago
What problem makes public goods necessary?
NARA [144]
There are several problems that make public goods necessary, but the primary one is that without access to certain public goods and services like parks and schools, poor people would have practically no chance at advancement. 
3 0
3 years ago
Risks that are caused by the response to another risk are called secondary risks cumulative risks residual risks mitigated risks
Alecsey [184]

Risk that are caused by the response to the another risk is known as secondary risk. The first option is correct.

<h3>What are risk?</h3>

Risk refers to the possibility of the danger or harm. For example there is risk involved to change the career. The risk taken can lead to any outcome it can be positive or negative.

There are various kinds of risk one of those kind is the secondary risk in which the risk is taken as a result of the previous actions taken to deal with the situation.

Thus the correct option is Secondary risk.

Learn more about residual risk here:

brainly.com/question/6041526

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5 0
2 years ago
FILL IN THE BLANK. the___process originates in the sales department and ends in the accounting department.
k0ka [10]

The fulfillment process originates in the sales department and ends in the accounting department.

<h3>What conditions must a sales department meet?</h3>

To link a product or service with potential customers or clients, a sales department must create and implement a protocol that is appropriate to the nature of the product or service. For instance, some goods or services necessitate direct communication between a salesperson and a customer in order to close a deal.

<h3>What function does the department of accounting and finance serve?</h3>

The core of any corporation is its accounting and finance division, which is in charge of maintaining the effective financial management and financial controls required to support all corporate operations.

To learn more about Fulfillment Process here:

brainly.com/question/11157883

#SPJ4

5 0
1 year ago
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