Which of the Following Sentences Is the Best Example of Scarcity

question 119

Multiple Choice

Which of the following sentences is the best example of scarcity of time?

• A) Peter buys a hamburger.
• B) John-Michael wants to spend his money on a new hoverboard.
• C) Alexander is doing homework instead of going to the movies with his friends.
• D) Amanda, a geography teacher, is retired and spends her time gardening.
• E) Bill is unemployed.

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Definitions:

Vouchers Payable

Liabilities or accounts payable that are supported by a voucher evidencing the goods or services received.

Unpaid Vouchers

Records of amounts owed for goods or services received but not yet paid for.

Voucher

A document that serves as evidence for a transaction and authorizes a payment.

Purchase Requisition

An internal document used by an organization to request permission for a purchase before initiating the actual procurement process.