<span>Working for a mental health agency, it is next to impossible to access information. Our agency is required by law to maintain all client records for 7 years in a secured area (limited access by Executive Director & Director of Operations, No access by employees). After 7 years they are to be disposed of properly. Our agency shreds our documents personally as to not allow a private company to do so, hence there is no breach of confidentiality. Then a private company (document disposal company) removes the shredded documentation for destruction. So it would be impossible (or at least, improbable) to obtain access to our organization information through dumpster diving.</span>
Answer:
Scarcity refers to the basic economic problem, the gap between limited that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
HOPE THIS HELPED!!!!!!!!!!XDDDDD
Answer:
$300
Explanation:
Data provided as per the question
Increase in volume = $400
Wage rate = $100
The computation of marginal revenue is shown below:-
Marginal revenue = Increase in volume - Wage rate
= $400 - $100
= $300
Therefore for computing the marginal revenue we simply deduct wage rate from increase in volume. So, the marginal revenue is $300.
Answer: Sunk cost
Explanation:
Sunk cost also sometimes referred to as past cost is a cost that has already been spent by an individual or firm and cannot be recovered.
From the question, if $500 was spent last week in fixing the transmission in a car and the brakes are now acting up, and one has to decide qwhether to fix them or trade the car in for a newer model.
The amount spent on the brake situation in this case is a sunk cost as it has already been incurred and nothing can be done about it anymore.
