1. Why is scarcity a significant problem? A. It leads to opportunity cost. B. It forces people to make choices. C. It determines the type of economic system used.
2. Why do business owners have to answer the three economic questions? A. the answers are something banks want when they review a business plan. B. The answers determine the best way to use their resources C. The answers are required by federal law
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “1. Why is scarcity a significant problem? A. It leads to opportunity cost. B. It forces people to make choices. C. It determines the type ...” 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
Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the following are advantages of group decision making? Check all that apply. a. More acceptance of the final decision is likely.
Answers (1)
If the net present value of the payments at the time of the leases was 88% of the actual market price and the useful life of the lease was 70% and the title did not transfer at the end of the lease term, the lease will still qualify as an operating
Answers (1)
What are goods? A. Performed by people that customer's will buy to satisfy a want or need. B. The rate at which goods and services are produced based upon total output given total inputs. C.
Answers (1)
Les and his colleagues are working on a large construction project. The environmental, architectural, and marketing specialists are located in three different geographic locations.
Answers (1)
Felix tells Genie, a prospective tenant, that the roof of the Hillside Apartments building does not leak when Felix knows that it does. This may give rise to an action for fraud, because the statement is one of: a. fact. b. puffery. c. opinion. d.
Answers (1)
New Questions in Business
When starting a business it is best to? A. Borrow from bank B. Find investors C. Use your saving D. Obtain a loan from family or friend
Answers (1)
Which of the following is an advantage of consumer credit? a) It costs more than cash purchases. b) It can encourage customers to spend beyond their means. c) It can allow you to save money if you time your purchases correctly.
Answers (1)
Why should you sort mail into categories before presenting it to the executive?
Answers (1)
skywalker limited shares of jedi jewellers during 2018 for $124000. Skywalker elected the air value option for accounting for this investment. At year end 208, 2019 and 2020 this investment has a fair value of $120000, $128000 and 138000.
Answers (1)
Not adjusting the amounts reported in the financial statements for inflation is an example of which basic assumption or principle of accounting? a. Economic entity. b. Going concern. c. Historical cost. d. Full disclosure.
Answers (1)