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Firlakuza [10]
3 years ago
5

Why scarcity and choice are basic economic problems faced by every Society??

Business
1 answer:
Ksju [112]3 years ago
3 0
The basic economic problem is that of scarcity and choice. This is because people have infinite wants in the face of limited resources, therefore decisions have to be made. The basic economic problem ensures that every society has to decide what to produce, how best to produce it, and for whom to produce it.
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Tendonitis is a condition that would most directly involved which two systems
Bess [88]

<span><span>Tendonitis is a condition that would most directly involved with: </span>skeletal system and muscular system.</span> The skeletal system comprises of bones and other connective tissues that give the body its form.It works in unison with the muscular system. The skeletal and muscular systems work together to allow movement.

4 0
3 years ago
Valerie has a summer job hand-dying shirts that will be sold on the boardwalk. she is paid $3.50 per shirt. this is an example o
lyudmila [28]

Answer: pay for performance

                                                                 

Explanation: In simple words, it refers to the concept under which an organisation tries to motivate its employees to work more by  offering them incentives on extra work. These incentives could be cash or related to some other service as such.

In the given case, Valerie  is earning from the summer job on the basis of production she do while on the job.

Hence the following case is an example of pay for performance.

3 0
3 years ago
A new customer wants to open an account at your firm. When you ask him for a street address, he tells you that he will be moving
Rasek [7]

Answer: B. . The business address can be used for Customer Identification purposes and the account can be opened

Explanation:

From the question, we are told that a new customer wants to open an account at a firm and that when he was asked for his street address, he said that he will be moving soon to a different apartment complex and wants to use his business address.

Since the customer will be moving to a new apartment and therefore may not yet know his street address, the customer can use his business address for identification purpose. Therefore, the customer can open the account.

5 0
4 years ago
Christin, the CEO of a national IT manufacturer, was approached by Ultimate Phones, a new company that is marketing a new type o
Monica [59]

Answer:

The correct option is B, bounded rationality

Explanation:

An ethical dilemma occurs when there is a conflict between one's interest and the interest of the organization leaving one with making choices between   serving in the interest one the company or feathering one's nest.

Groupthink implies giving credence to the decision of a group over individual's thinking and creativity.

Bounded rationality is theme that was introduced by Herbert Simon which refers to the fact that making a rational decision is sometimes limited to the information at one's disposal as well as  one's mental prowess.

4 0
3 years ago
Read 2 more answers
LO 7.2Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700
iogann1982 [59]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales in units:

January= 3,000

February= 2,000

March= 2,500

April= 2,700

May= 2,900

The required ending inventory is 20% of the next month's sales, and the beginning inventory on January 1 was 600 units.

The production budget for each month is calculated using the following formula:

Production= sales + desired ending inventory - beginning inventory

Production budget:

January:

Sales= 3,000

Ending inventory= (2,000*0.2)= 400

Beginning inventory= (600)

Total= 2,800

February:

Sales= 2,000

Ending inventory= (2,500*0.2)= 500

Beginning inventory= (400)

Total= 2,100

March:

Sales= 2,500

Ending inventory= (2,700*0.2)= 540

Beginning inventory= (500)

Total= 2,540

April:

Sales= 2,700

Ending inventory= (2,900*0.2)= 580

Beginning inventory= (540)

Total= 2,740

5 0
3 years ago
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