Relative Scarcities Are Indicated by

question 315

Multiple Choice

Relative scarcities are indicated by

• A)supply and demand being out of equilibrium.
• B)surpluses.
• C)excess demand and excess supply.
• D)relative prices.

Learn the process of operational planning and its necessity for implementing a strategic plan.

Distinguish between different levels of strategies and their ordering.

Know the importance of organizational mission, vision, values, and objectives in strategic planning.

Understand the significance of objectives being specific and quantifiable for effective strategic planning.

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Definitions:

New Yorkers

Individuals who reside in New York, a state or city in the United States, known for its cultural diversity and fast-paced lifestyle.

Emergent Group

A group that forms spontaneously or unexpectedly, often in response to a specific event or crisis, with the members coming together to address a common issue.

Planned Group

A term not commonly recognized in standard sources; likely refers to an assembly of individuals brought together with specific, predetermined objectives in mind. NO

Line of People

A sequence of individuals arranged one behind the other, often waiting for a service or opportunity.