1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mafiozo [28]
3 years ago
11

Which of the following questions must be asked about the use of resources

Business
1 answer:
amid [387]3 years ago
7 0

Answer:

B. What is the most effective allocation?

Explanation:

Economics is the social study of how society allocates its limited resources to meet the unlimited need of its members. It involves the distribution of scarce resources to various sections of the community to meet different wants. Economist's primary concern is the efficient use of the available resources to achieve maximum benefits.

Economics will involve making decisions on the use of available resources. Economists will calculate the opportunity cost in every situation before making a decision. The purpose of finding the opportunity costs to determine the most effective ways of allocating resources.

You might be interested in
Infomercial are _than commercials.
Oksana_A [137]
The answer is D.Shorter
5 0
2 years ago
Read 2 more answers
Explain how insurance companies use statistics.
Luda [366]

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

7 0
3 years ago
One of the benefits of ics is that it provides an orderly, systematic ___________ process.
mr_godi [17]

The correct answer is planning.

The benefits of ICS stands for Incident command system.

ICS helps  to ensure that the efficient use of resources. The safety of responders, community and efficient use of resources. ICS can be utilized as a natural disaster or as Human caused hazard or a technological hazard.

ICS has some principles and features which include resources and facilities, resource management, accountability and planning which include management.

ICS helps to ensure that there is full utilization of all incident by making sure that there is integrated communication, and by maintaining span control which  is manageable.

4 0
3 years ago
Read 2 more answers
Internal Environmental Analysis
Wittaler [7]

The analysis that you have been asked to examine is called SWOT Analysis. See the categorization below.

<h3>What is SWOT Analysis?</h3>

This is simply a situational analysis that considers the strengths, weaknesses, opportunities, and threats that a company might face in the execution of its business strategy.

,

Strength

• Adequate Financial Resources

• Proven Management Skills

• Ahead of the Experience Curve

• Diversify into Related Products

• Enter New Markets or Segments

• Proprietary Technology

• Vertical Integration

• Product Innovation Skills

• Well Thought of by Buyers

Weaknesses

• Too Narrow a Product Line

• Unable to Finance Needed Strategy Changes

• Falling Behind in R & D

• Vulnerability to Recession & Business Cycle

• Poor Track Record in Implementing Strategy

• Higher Overall Unit Costs than Competitors

Opportunities

• Complacency Among Rival Firms

• Falling Trade Barriers in Attractive Foreign Markets

• Serve Additional Customer Groups



Threats

• Rising Sales of Substitute Products

• Issues Costly Regulatory Requirements

Learn more about SWOT at;
brainly.com/question/20350382
#SPJ1

6 0
2 years ago
Jason and his family were invited to dinner by a family friend who had just opened a high-end restaurant. Jason and his family w
mixer [17]

Answer:

C) is the answer in my opinion

7 0
3 years ago
Read 2 more answers
Other questions:
  • Marigold Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $12
    6·1 answer
  • Jill is starting a fast food delivery company. she has designed a logo and plans to print flyers to advertise her services. jill
    8·1 answer
  • Nicole owns a small organic spice company called RaisaSpice and was looking for a new product to add to her company's line. A fr
    5·1 answer
  • Look Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using
    9·1 answer
  • Which two tasks does an industry safety and health engineer perform?
    7·1 answer
  • Suppose that the expected value of weekly profits for an ice cream​ shop, before paying the​ manager, Amy, is ​E(pi​)equals500pl
    15·1 answer
  • Christine manages a car wash. The owner of the car wash thinks they could be making bigger profits. Christine looks for ways to
    13·1 answer
  • The model on the right looks bumpy, but when you break a large salt crystal in two, the edges of the split often look straight a
    13·1 answer
  • Which of these statements are Red Flags that may signal Colleague
    10·1 answer
  • All of the following features in the Macabacus Excel add-in helps users identify inconsistent formulaic structure or potential e
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!