Demands Differ from Wants Because

question 463

Multiple Choice

Demands differ from wants because

• A) wants require a plan to acquire a good but demands require no such plan.
• B) demands reflect a decision about which wants to satisfy and a plan to buy the good, while wants are unlimited and involve no specific plan to acquire the good.
• C) demands are unlimited, whereas wants are limited by income.
• D) wants imply a decision about which demands to satisfy, while demands involve no specific plan to acquire the good.

---

Definitions:

Payroll Items

Components that make up the total compensation package on an employee's pay, including wages, salaries, benefits, taxes, and deductions.

Employer Responsibility

Obligations that an employer has towards their employees, which may include providing a safe working environment, fair wages, and complying with employment laws.

Employee Responsibility

The obligation of employees to complete assigned tasks, adhere to the company's policies, and act in the company’s interest.