Scarcity Exists Because

question 127

Multiple Choice

Scarcity exists because

• A)of unlimited resources.
• B)human wants are enormous relative to the means available to satisfy them.
• C)production is limited only by technology and human energy.
• D)advertising creates unnatural desires for surplus goods.

---

Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Sales

The total amount of goods or services sold by a company in a particular period of time.

Z Score Model

A statistical model that predicts the probability of a company going bankrupt based on several financial ratios derived from the company's financial statements.

Financial Ratios

Quantitative metrics derived from financial statement analysis used by investors and analysts to evaluate a company's financial health and performance.