Management's Concern About 'Scarce Resource' Is Primarily Due To

question 60

Multiple Choice

Management's concern about 'scarce resource' is primarily due to:

• A)the desire to make the most efficient use of scarce resources.
• B)the desire to maximise total revenue.
• C)the desire to minimise total costs.
• D)social and environmental reasons.

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Definitions:

Negotiable

Capable of being transferred or sold with ease, often referring to financial instruments that can be transferred from one party to another.

Payment Time

The specific period within which a payment is due or expected to be made.

Nonexistent Organization

An entity that is claimed or thought to exist but in reality does not.

Negotiable

Refers to something that can be discussed or altered, such as terms in a contract, or a financial instrument that can be transferred or sold.