Management's Concern About 'Scarce Resources' Is Primarily Due To

question 45

Multiple Choice

Management's concern about 'scarce resources' is primarily due to:

• A) social and environmental reasons.
• B) the desire to maximise total revenue.
• C) the desire to minimise total costs.
• D) the desire to make the most efficient use of scarce resources.

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Definitions:

Big Government

A term used to describe a government or state that is perceived as excessively interventionist and invasive in the lives of its citizens, usually through large bureaucracy and extensive policies.

Federal Law

Refers to the body of law created by the federal government of a country, which applies to the entire nation and is supreme over state laws where there is conflict.

Constitutional Rights

Rights afforded to individuals by the constitution that protect freedoms and legal principles from government infringement.