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Pani-rosa [81]
3 years ago
12

1. Explain the link between scarcity and each of the following.i. Choice, (2 marks)​

Business
1 answer:
vagabundo [1.1K]3 years ago
8 0
Scarcity means that resources are limited and because resources are scarce people must make choices
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Is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and contro
frez [133]

The correct answer is:  " management" .

____________________________

      "  <u>  Management  </u>  is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources. "

____________________________

An effective "mnemonic" for these 4 (four) components of management is:

"PLOC" ;  or more appropriate, in the order in which they occur:  "POLC" .

____________________________

Note that "organizational resources" include "data" (e.g. data management) ; as well as management of employees among various departments; hierarchies of management among departments;  supply chain marketing and management, and labor-management relations and human resources management.

Effective management skills include:  conceptual skills, technical skills, and human skills.

____________________________

4 0
3 years ago
McGregor allows customers to pay with credit cards. the company charges McGregor 3% of the sale. when a customer uses a credit c
KengaRu [80]
Charge a total of $206
6 0
3 years ago
Should a firm shut down if its weekly revenue is ​$1 comma 000​, its variable cost is ​$600​, and its fixed cost is ​$800​, of w
kifflom [539]

Answer: The correct answer is "C. produce because revenue of ​$1 comma 000 is greater than fixed costs.".

Explanation: The firm should produce because the revenue of 1000 is enough to cover the fixed costs and part of the variables (1000 - 800 - 600 = (-400)) so that the loss is less than if it stopped producing despite the avoidable costs (800 - 350 = 450) since if it stopped producing it would have a loss of $ 450 and producing it would have a loss of $ 400.

7 0
3 years ago
Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance
Bad White [126]

Answer:

Check the explanation

Explanation:

Cash flow from operating activities:  

Net income                                                                     $116

Adjustment to reconcile net income to cash basis:  

Depreciation expense ($359+1-347)                              $13

Gain on sale of equipment                                              (14)

Decrease in account receivable (40-39)                         $1

Decrease in inventory (44-43)                                          $1

Increase in account payable (30-26)                               $4

Decrease in accrued liabilities (18-15)                              (3)

Decrease in income tax payable (40-39)                         (1)

Net cash flow from operating activities                           $117

5 0
3 years ago
Wilson has a 40 percent interest in the assets and income of the CC&amp;W Partnership, and the basis in his partnership interest
laila [671]

Answer:

a. $24,000

b. $9,000

Explanation:

a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest

In the given case, the partnership interest is $45,000 and the share of his loss is $24,000

So, $24,000 is reported in his individual income tax return

b. The computation of the Wilson's basis in his partnership interest is shown below:

= Basis in his partnership interest - share of the loss -  cash distribution received from the partnership

= $45,000 - $24,000 - $12,000

= $9,000

3 0
3 years ago
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