Which of the Following Is Not an Example of Scarcity

question 5

Multiple Choice

Which of the following is not an example of scarcity?

• A)Only some people can afford to buy a BMW automobile.
• B)Every individual in society cannot attain the highest standard of living to which he or she might aspire.
• C)Miranda has more oranges in her orchard than she will ever use.
• D)Each member of a household cannot get everything he or she wants.

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Definitions:

Advantage

A condition or circumstance that puts one in a favorable or superior position.

Cost Driver

A cost driver is a factor that causes a change in the cost of an activity, influencing the cost of production and operation in both direct and indirect cost management.

Support Department

A non-production department that provides essential services and support to the production departments and other parts of an organization.

Work Orders

Instructions or orders for work to be performed, typically including details about the job, materials to be used, and time schedule.