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Maru [420]
3 years ago
8

_____ exists because people's wants for goods and services are greater than the number of products that can be made from availab

le resources.
Business
1 answer:
seropon [69]3 years ago
3 0
Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources
You might be interested in
Pure monopoly refers to: Group of answer choices any market in which the demand curve to the firm is downsloping. a standardized
Leokris [45]

Answer:

Option C seems to be the correct choice.

Explanation:

  • A market whereby all single corporation has a complete understanding of the country marketplace when purchasing a product attributable to a certain sort of obstacle to several other companies joining, almost always a patent owned by the attempting to control business.
  • A pure monopoly has been characterized mostly as individual manufacturer sellers, i.e., 100 percent of the market share. Throughout the UK, a corporation can be considered and has monopolistic control if someone has a market penetration of further above 25 percent.

The other given choices aren't related to the given instance. So that alternative C would be the appropriate choice.

6 0
4 years ago
As a CA employer, in terms of record retention, what three types of records do I need to pay special attention to? Group of answ
ra1l [238]

CA Employers need to pay attention to the following records:

  • Safety and toxin/chemical exposure records, including safety data sheets: keep for 30 years.
  • Pension and welfare plan information: keep for six years.
  • First-aid records of job injuries causing loss of work: keep for five years.

<h3>Which records need to be kept by CA employers?</h3>

The state of California requires that employers in the state should keep certain records.

Pension and welfare records should be kept for 6 years while first-aid records should be kept for 5 years.

Safety and chemical records are placed a high value on and should be kept for 30 years.

Find out more on California employer requirements at brainly.com/question/26463698.

#SPJ12

8 0
2 years ago
A company has got $500 in cash and cash equivalents, $300 in inventory and $200 in account receivables. The firm has long term a
ElenaW [278]

Answer:

The computation is shown below:

Explanation:

The computation is shown below:

Current ratio = current assets ÷ current liabilities

where,

Current assets = cash + inventory + account receivables

= $500 + $300 + $200

= $1000

Current liabilities is

= $200 + $400

= $600

So, the current ratio is

= $1,000 ÷ 600

= 1.67 times

Debt Ratio is

= Total Liabilities ÷ Total Assets

= $600 ÷ $1,500

= 40%  

TIE is Time Interest Earned ratio

= EBIT ÷  Interest Expense

= $5,000 ÷ $2,000

= 2.5

Profit margin is

= Net Income ÷ Total Sales

= $800 ÷$10,000

= 8%

And,

Total asset turnover  is

= Sales ÷ Total Assets

= $10,000 ÷ $1,500

= 6.67

7 0
3 years ago
Are the costs of transforming direct materials into finished goods.
Gnoma [55]
<span>Conversion Cost
   You can call this the cost of changing the goods into buyable items . These costs are the blend of direct work costs in addition to assembling overhead expenses. You can consider conversion costs as the assembling or generation costs important to change over crude materials into items. Communicated another way, conversion costs are a maker's item or generation costs other than the expenses of crude materials.</span>
5 0
4 years ago
Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where agency terminates by ______.
RoseWind [281]

Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where an agency terminates by Operation of law.

This is further explained below.

<h3>What is the Operation of law.?</h3>

Generally, A legal circumstance in which a person acquires certain rights (or occasionally duties) without having to take any action, needs the cooperation of another person, or is the subject of a judicial order.

In conclusion, Incapacity or death, financial ruin, or the loss of property are some examples of situations that might result in the termination of an agency as a result of the operation of the legislation.

Read more about the Operation of law.

brainly.com/question/9780698

#SPJ1

7 0
2 years ago
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