Which of the Following Statements Is True

question 416

Multiple Choice

Which of the following statements is true?

• A) Anytime you have to decide which action to take you are experiencing economic equity.
• B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale.
• C) Every individual, no matter how rich or poor, is faced with making trade-offs.
• D) Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited.

---

Definitions:

HRM System

Human Resource Management System; an intersection of human resources and information technology through HR software, enabling better data management and HR processes.

Monitoring

The systematic process of observing or checking work performance or processes over time for the purpose of ensuring compliance with standards.

Corporate Goals

The strategic objectives set by a company to guide its direction and measure its success, often focusing on growth, profitability, and market share.

Senior-Level Managers

Executives and high-level managers responsible for making strategic decisions and overseeing the entire organization or major parts of it.