Because People's Wants Are Unlimited but Resources Are Scarce

question 4

Multiple Choice

Because people's wants are unlimited but resources are scarce,

• A)only the rich get everything they want
• B)choices must be made
• C)there will be more services produced than goods
• D)people search for spiritual fulfillment rather than material fulfillment
• E)poor people never get anything they want

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Definitions:

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively.

Resolution

The act of solving or settling a conflict, problem, or dispute, often through negotiation or agreed upon processes.

Aspirations

Desires or goals aimed at accomplishing something.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving tactical decisions.