Scarcity

question 104

Multiple Choice

Scarcity

• A)exists because people have wants that are unlimited relative to the availability of resources to satisfy those wants
• B)applies when a resource is not freely available
• C)means that each society and each individual must make choices
• D)exists in all societies
• E)all of the above are true

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Definitions:

Organization

An entity comprising multiple people working towards a common goal, often structured to optimize efficiency and achieve objectives.

Training And Development Activities

Programs and initiatives aimed at improving employees' skills and knowledge for their current roles and future career advancement.

Employers

Organizations or individuals who hire and pay employees for their service or labor.

Employees' Needs

The requirements or conditions necessary for employee satisfaction and efficiency in the workplace, such as recognition, compensation, and work-life balance.