Answer:
Challenge
- Quality Issues
- Lack of Documentation
Risk
- Loss of Confidentiality
- System Unavailability
Reward
- Increased Quality
- Reduced Cycle
Explanation:
A challenge is something that test you and your business. The are temporary obstacles that you have to surpass in order to be successful.
Business Risk means the possibility of loss or any adverse condition that may severely damage the organization's ability to achieve its goals and objectives.
Reward means a positive outcome that has happened because of productive decision making and effective management.
Answer:
Scarcity and Utility
I will explain the concepts of scarcity, value, and utility using my laptop and some writing pens. I have only one laptop available in my family. I use it 24-hours daily. I attach so much value (utility) to the laptop because it is only one. It is very scare in my household. On the other hand, I have a packet of writing pens. Pens are relatively not scare in my household. If my laptop is missing, I will raise uproar in the house. Everybody present will answer a tedious query. But, if one of the pens gets missing, I may not even be aware that it is missing. At the moment, I do not attach much value (utility) to the writing pens because I have many of them presently . Writing pens are not scare in my household, as I said earlier.
Using these examples, I have demonstrated the concepts of scarcity, utility, and value.
Explanation:
Therefore, scarcity is defined by the value and the relative availability of a good. Scarcity is a basic economic problem that shows the gap existing between limited resources and unlimited needs. Based on the lack experienced with satisfying a need, one has to always choose between alternatives in order to maximize resource allocation and utility.
Utility in Economics refers to the value or satisfaction derivable from the meeting of a human or economic need. It is initially connected to the concept of scarcity. But after attaining some level of utility, scarcity temporarily evaporates. And this is the dividing thin line. This is why they are mostly used together. "Something that is valuable is scarce and give utility." Something that is not highly valuable is not usual scarce and does not give much utility, at least, to an extent.
Answer:
Madison Company's Journal entry
Dec. 31
Dr Cost of Merchandise Sold 93,400
($875,300-$781,900)
Cr Merchandise Inventory 93,400
Explanation:
If the perpetual inventory records $875,300 of merchandise while the physical inventory indicates $781,900 which means we have to deduct $781,900 from $875,300 which made us to arrived at $93,400 as Debited Cost of Merchandise Sold and as Credited Merchandise Inventory .
The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.
<h3>What are the Centers for Disease Control and Prevention?</h3>
The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.
Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.
Thus, CDC helps in improving the plans and functions efficiently to handle surges.
Learn more about CDC:
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Answer:
sorry sir you would have to do this on your own
