A Shortage of Software Developers to Create Software Is an Example

question 68

Multiple Choice

A shortage of software developers to create software is an example of a(n) ________ type of resource constraint.

• A) physical
• B) people
• C) material
• D) equipment
• E) budget

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Definitions:

Renewable Resources

Natural resources that can be replenished over short periods of time, such as solar energy, wind, and biomass.

Harvest Rates

The quantity or percentage of a natural resource that is removed or harvested from its source within a certain time period.

Replenishment Rates

The speed at which inventory is replaced after sales, crucial for maintaining optimal stock levels.

Optimal Extraction Level

The point at which the marginal cost of extracting a resource equals the marginal revenue, yielding the maximum possible profit.