Which of the Following Is Least Likely to Be an Effect

question 40

Multiple Choice

Which of the following is least likely to be an effect of scarcity?

• A) rationing device
• B) choice
• C) opportunity cost
• D) dollar price
• E) utility

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Definitions:

Sense of Urgency

The perception and drive to act promptly and efficiently, often to meet critical deadlines or solve pressing problems, fostering a culture of immediacy and responsiveness.

Corporate Strategies

High-level plans and actions undertaken by a company to achieve its business objectives and to gain competitive advantage.

Present Day

Refers to the current period or the actual time in which something takes place or is considered.

Strategy Formulation

The process of identifying and selecting strategic options for an organization based on an analysis of its internal and external environment.