Scarcity Exists Because

question 302

Multiple Choice

Scarcity exists because

• A)there is a disruption in the distribution of goods caused by bad weather.
• B)there is a shortage of goods caused by war.
• C)there are not enough resources available to produce all the goods that people want.
• D)there is a shortage of qualified workers throughout the world.

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Definitions:

Cash Flows

Cash flows refer to the net amount of cash and cash-equivalents being transferred into and out of a business, indicating its financial health.

Partnership Income

The share of earnings distributed to partners in a partnership business, typically based on the terms of the partnership agreement.

Personal Income

Personal income is the total earnings received by an individual, including wages, investments, and benefits, used to evaluate financial health.

Capital Expenditure

Resources utilized by an organization for the purpose of purchasing, improving, and preserving tangible assets like land, factories, or machinery.