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Anika [276]
2 years ago
11

Individuals and businesses must choose between the different uses for their available resources. This is called ______ resources

and is due to the concept of ______.
Business
1 answer:
ki77a [65]2 years ago
6 0

The term by which individuals and businesses choose between the different use of available resources is called <u>allocating </u>and it is due to the concept of <u>scarcity</u>.

<h3>What is Scarcity?</h3>

According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.

It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.

Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of <u>allocating </u>resources and due to the concept of <u>scarcity.</u>

<u></u>

Learn more about scarcity here:

brainly.com/question/1088553

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How can you ensure that your telephone calls on the job are productive? Name at least six suggestions.
aalyn [17]

Answer:

Being productive means to be able to get more things done in a period of time and six suggestions to ensure that your telephone calls on the job are productive are:

-Plan an agenda to handle the call to know what you need to discuss.

-Have a clear goal to accomplish with the call to avoid discussing things that are not relevant to this.

-Avoid small talk that can take a lot of time and doesn't allow to get to the point.

-Limit the duration of the call to get people to focus on the important things.

-Summarize the points of the call to make sure that everyone is on the same page.

-End the call when the goal that was set has been accomplished.

8 0
3 years ago
Blake Company purchased two identical inventory items. The item purchased first cost $17.00, and the item purchased second cost
BaLLatris [955]

Answer:

Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.

Explanation:

Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.

True as under weighted average:

(17 + 18) / 2 = 17.50

the ending inventory will be one unit valued at $17.50

while under FIFO the 17 dollar unit was sold and declare cost

while the second is keep under ending invenotry at $18.00

7 0
3 years ago
Jogging gear is considering a project with an initial cash requirement of $238,400. the project will yield cash flows of $4,930
natta225 [31]
First, we need to calculate for the total return of the project by multiplying 4,930 by 65. Doing so will give us an answer of $320,450. Then, we calculate the rate of return as shown below.
                     rate of return = ($320,450 / $238,400) x 100% 
                                             = 134.42%
Thus, the rate of return of the said project is approximately 134.42%. 
7 0
3 years ago
Westland College uses a 10% discount rate and the total cost approach to capital budgeting analysis. Both alternatives are expec
DiKsa [7]

Answer: hello your question is incomplete attached below is the complete question

answer :  $(1,236,495). ( A )

Explanation:

Attached below is the Calculation of the net present value of the alternative of overhauling the present system

The value of Net present value = ∑ present value

                                       = -300000 - 200000 - 906950 + 77055 + 93400

                                      = - 1,236,495

4 0
3 years ago
The first step in marginal analysis is to determine
Ne4ueva [31]

Answer: B. fixed and variable costs for specified quantities of product

Explanation: You said it was correct in the comments section.

4 0
3 years ago
Read 2 more answers
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