Which of the Following Cannot Occur When a Market Is

question 99

Multiple Choice

Which of the following cannot occur when a market is not in equilibrium?

• A) There is a shortage.
• B) The quantity demanded and the quantity supplied are not equal.
• C) The quantity demanded and the quantity supplied are equal.
• D) There is a surplus.
• E) The quantity demanded is greater than the quantity supplied.

Understand the visual workplace's elements and their significance in operations.

Identify the principles of human resource strategies in relation to job design and workforce management.

Recognize the importance of mutual trust and commitment between management and employees for effective operations.

Comprehend the benefits and applications of work sampling and time studies in measuring work performance.

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period.

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.

Liability

A financial obligation or amount owed by a business to another entity, which is expected to be settled in the future.

Capital

The wealth, either financial or tangible, that is used in the creation of more wealth, such as money or assets owned by an individual or organization.