Answer:
Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.
Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.
Without scarcity, human desires for goods and services would be completely satisfied, eliminating trade-offs and opportunity costs. Economic systems would transform due to the abundance of resources, but such a scenario is purely theoretical as scarcity is a central economic issue.
In a hypothetical world without scarcity, human desires would be fully met without the need to make trade-offs. Since scarcity implies that human wants for goods and services exceed the limited supply, removing this limitation means everything would be available in abundance. With no scarcity, every person could have more and better housing, education, and an endless array of products and services without having to sacrifice one desire for another.
Without scarcity, the concept of opportunity cost becomes irrelevant, because choosing one thing does not mean forfeiting another. Economic systems would also look vastly different, as pricing, which often reflects scarcity, would not function in the same way. Having unlimited resources might lead to continuous consumption without the need to allocate resources efficiently or innovate. However, it's crucial to recognize that this scenario is purely theoretical, as in reality, scarcity is a fundamental economic problem driving how societies operate.
b. Profit distribution.
c. The method by which the business can be dissolved.
d. The method of customer service observed.
Answer:
budget slack.
Explanation:
A budget slack refers to a deliberate over estimation of expenses or under estimation of revenues. Either way, the person presenting the budget will try to lower their estimated profit or try to obtain more money for their department or division.
In this case, Karren is over estimating the expenses of her department. Probably she wishes to receive a larger amount of money in order to increase her department's activities. If she is able to pull it out, she will receive the credit for increasing sales, but if her department is not able to increase total sales even with a larger budget, it will be her responsibility.
Answer:
The correct answer is productivity.
Explanation:
Productivity can be defined in the most basic way as the efficiency to complete a task. It shows various measures of the efficiency of production.
Productivity in economics is the ratio of output per unit of input. It can also be referred to as the measure of how efficiently a firm, individual or organization can produce a good or service relative to the inputs used to produce them.
Labor productivity, for instance, shows how efficiently labor can be used to produce a good. It is the ratio of total output produced to total labor employed.
Answer:
The correct option is B, the part share of the profits or earnings of a company paid to each shareholder on the basis of the number of shares
Explanation:
The shareholders are paid dividends from the distributable profits of the company and distributable profits imply profits recorded after other providers of finance such as preferred shareholders and bond-holders have been paid dividends and interest on bonds respectively.
The dividends paid can be in cash or in shares.Paying dividends in cash is known cash dividends while paying in shares is called stock dividend.
It is imperative to pay dividends in form of shares if there are viable investment projects the company intends to invest with the cash that have otherwise be paid out as dividends.
Answer:15$
Because if you work more than 40 hours a week then overtime you get 1.5 the amount you get paid when you’re not on overtime
O B. gross loss
C. net liabilities
O D. net assets
Owners' equity represents the net worth of a business and is calculated as the difference between total assets and total liabilities. As such, Owners' Equity reflects the net value of the company that is attributable to the owners.
Owners' equity represents the residual interest in the assets of a company after deducting liabilities.
It is calculated as the difference between total assets and total liabilities, and it represents the net worth of the business. Therefore, the correct option is D. net assets.
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