Ask Question
BusinessBusiness
8 January, 21:53

What is a trade-off?

Select the best answer from the choices provided.

A. an alternative that is unavailable due to scarcity

B. the next best alternative based on personal priorities

C. a choice that must be made due to scarcity

D. the next best alternative based on specific needs

+1
Answers (1)
  1. 8 January, 22:38
    0
    The best answer is:

    C) a choice that must be made due to scarcity.

    A tradeoff occurs when you must choose between two or more things, selecting the best option given the constraints. Choosing what to spend your allowance on, for example, is involves a trade-off that you must make due to the scarcity of your allowance money (you don't have unlimited money). D is a tempting answer, but it does not define trade-off as well as C.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is a trade-off? Select the best answer from the choices provided. A. an alternative that is unavailable due to scarcity B. the next ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A review of Elisa Company's financial statements reveals the following information: cost of goods sold: $200,000; increase in inventory: $10,000; increase in accounts payable: $20,000. Cash paid to suppliers was:
Answers (1)
Which of the following bank services pays the customer compound interest? a. credit cards b. checking accounts c. savings accounts d. mortgage loans
Answers (1)
Which of the following is NOT a reason for the development of modern firm-based trade theories? A. Recognition of the growing importance of MNCs in the postwar international economy B.
Answers (1)
Process accounting's solution for nonuniform manufacturing inputs is a. calculate total unit cost as if there were uniform manufacturing inputs. b. calculate equivalent units for each category of manufacturing input. c.
Answers (1)
Which was the organization that crafted The Port Huron Statement, criticized corporations, unions, and the military-industrial complex, and proclaimed "a democracy of individual participation?
Answers (1)
New Questions in Business
The balance sheet of Indian River Electronics Corporation as of December 31, 2020, included 10.5% bonds having a face amount of $91.0 million. The bonds had been issued in 2013 and had a remaining discount of $4.0 million at December 31, 2020.
Answers (1)
A shopper at whole foods was asked by a researcher to look at a magazine ad for a new line of organic soups. the researcher asked the shopper if the ad seemed credible. what method of pretesting was the researcher using?
Answers (1)
There are two insurance options that you are considering: Plan A's premium is $1,800 per year with a $250 deductible. Plan B's premium is $840 per year with a $1,000 deductible.
Answers (1)
Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags? a) The economy may already be in a recovery before fiscal policy is enacted.
Answers (1)
Tomasini Corporation has provided the following data from its activity-based costing accounting system: Supervisory wages $ 670,000 Factory supplies $ 270,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Batch
Answers (1)
Home » Business » What is a trade-off? Select the best answer from the choices provided. A. an alternative that is unavailable due to scarcity B. the next best alternative based on personal priorities C. a choice that must be made due to scarcity D.
Sign Up Forgot Password?