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saw5 [17]
4 years ago
5

Explain the principle of scarcity and how it applies to people as well as countries

Business
1 answer:
Scilla [17]4 years ago
5 0
The Principle of Scarcity is clearly manifested when a product, good or service of low or less supply has an undeniably high demand. A mismatch between the high demand and low supply happens. Naturally, the price of a scarce good/product/ services rises until there is already enough supply to balance the demand. In this case, people will have to conduct their own cost-benefit analysis in order to determine which among the scarce/goods/services are to be prioritized. On the other hand, the countries must also prepare measures to answer the rising economic problems if ever scarcity occurs. It is about time to think and create of alternatives.
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Answer: $4500

Explanation:

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4 years ago
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1. When has your level of performance been directly affected by your motivation? By your ability? By the environment?
Keith_Richards [23]

Explanation:

In this question, we can relate the three factors environment, skill and motivation as interdependent.

We can relate the performance level of motivation and skill of employees with Maslow's hierarchy of needs theory, which is defined as five fundamental human needs: physiological, security, affection, esteem and self-fulfillment. This theory is represented by a pyramid, where at the base as the most important category is the most basic needs for human beings to live, are the physiological needs. According to Maslow the category that of physiological needs is the most important for individuals, therefore in a company, if the work environment fails to satisfy basic needs for human beings, it is impossible for them to be motivated to work and develop your skills and abilities correctly.

It is necessary that all five fundamental human needs are met at each level, so that the employee develops characteristics that promote motivation and self-realization.

5 0
3 years ago
Which motivation focuses on the fact that
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The correct answer is C) theory Z.

The motivation that focuses on the fact that management and administration of contemporary organizations must consider the needs of the employee and, more importantly, how those needs can be met within the context of both the organization society as a whole is "theory Z."

When we are referring to the theory "Z," we are referring to the theory developed by economist William Ouchi. It was in the 1980s when Ouchi proposed this management style theory in the book "Theory Z: How American Business Can Meet the Japanese Challenge." The theory refers to the benefits of stable employment that generates productivity, and satisfaction in the workplace.

The other options of the question were A) theory X. B) theory Y. D) expectancy theory.

3 0
4 years ago
An organization accused of illegal discrimination may be able to successfully defend its employment practices by showing that th
alexgriva [62]

Answer:

a bona fide occupational qualification

Explanation:

Bona Fide Occupational Qualification is a term used to describe a type of discrimination that is not illegal, even if it seems. It is a positive discrimination used by companies to hire new employees, when necessary, based on factors that are considered discriminatory such as gender, religion, nationality, among others.

An example of this can be seen when the film recording industry needs to hire an Asian actor to play a character of Asian origin. This industry uses nationality as a discriminatory factor to hire someone, but in this scenario, this does not discriminate.

8 0
3 years ago
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Kendrik was frustrated that his DVD player wouldn't play a DVD he purchased while on vacation in Great Britain. When he called t
Nadusha1986 [10]

Answer:

Kendrik was frustrated that his DVD player wouldn't play a DVD he purchased while on vacation in Great Britain. When he called the manufacturer to complain, he was told that European DVDs are formatted differently and won't play on all machines. This is evidence of how __location______ can place a constraint on global markets.

Explanation:

Production location can place some constraints on global markets, especially when different standards are applied.  To avoid this problem, there is the need to formulate international standards for the production of goods and services.  Without some internationally-accepted standards, local production may not satisfy the global market.

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