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vlabodo [156]
2 years ago
11

Difference between relative and absolute scarcity

Business
1 answer:
Arisa [49]2 years ago
7 0

Answer: Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.

Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.

Explanation:

Relative scarcity could be described as that where the resources are limited in supply for a short while, due to manufacturing or supply challenges.

Absolute scarcity could he described as where supply is naturally limited. No possibility of the supply increasing.

In relative scarcity, there is a probability of the supply to be made available later while in absolute, there is no possibility of it happening.

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When a $10 check written on the first national bank of chicago is deposited in an account at citibank, then.
Fynjy0 [20]

Answer:

A. the liabilities of the First National Bank decrease by $10.

Explanation:

5 0
2 years ago
You recently started a new job working with databases. you receive training on maintaining the database from your boss, gregor.
ser-zykov [4K]

You recently started a new job working with databases. you receive training on maintaining the database from your boss, Gregor. gregor tells you that when a DBMS flags a deleted record, completeness.

A database is an organized collection of data that is stored and accessed electronically. Small databases can be stored on the file system, while large databases are hosted on computer clusters or cloud storage.

A database is an organized collection of structured information or data, usually stored electronically in a computer system. A database is typically controlled by a database management system (DBMS).

MySQL, SQL Server, MongoDB, Oracle Database, PostgreSQL, Informix, Sybase, etc. are examples of various databases. These modern databases are managed by a DBMS. Structured Query Language or SQL is better known and is used to manipulate data in databases.

Learn more about databases here:brainly.com/question/24027204
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6 0
1 year ago
The balance sheet shows the following accounts and amounts Inventory. $84,000, Long-term Debt 125.000; Common Stock $60,000; Acc
Brums [2.3K]

Answer:

b. $325,000

Explanation:

The current assets are the assets that are likely to be converted to cash within 12 months. These include cash, inventory, receivables, prepaid expenses etc.

Given;

Inventory = $84,000,

Long-term Debt = $125.000;

Common Stock $60,000;

Accounts Payable $44,000;

Cash $132,000,

Buildings and Equipment $390,000:

Short-term Debt $48.000:

Accounts Receivable $109,000,

Retained Earnings $204,000 Notes Payable $54.000:

Accumulated Depreciation $180.000

Total current asset = $84,000 + $132,000 + $109,000

= $325,000

5 0
3 years ago
With regard to New United Motor Manufacturing, Inc. (NUMMI), why did General Motors (GM) enter into a strategic alliance with To
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Answer:

to learn the lean manufacturing system pioneered by Toyota

Explanation:

The main reason for this strategic alliance was in order for General Motors to learn the lean manufacturing system pioneered by Toyota. The lean manufacturing system is a methodology derived from Toyota's 1930 operating model "The Toyota Way" which focuses on minimizing waste within manufacturing systems while at the same time being able to maximize productivity. This provides a great benefit to any manufacturing company, hence why General Motors was interested.

8 0
3 years ago
You are a marketing research consultant hired to organize focus groups for an innovative german-style fast food restaurant. What
PIT_PIT [208]

Explanation:

A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.

To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.

The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.

The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.

5 0
3 years ago
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