Which of the Following Statements Are True

question 226

Multiple Choice

Which of the following statements are true?

• A)Scarcity refers to shortages at existing market prices.
• B)As a result of scarcity, individuals must make choices and face trade-offs.
• C)It is impossible to satisfy unlimited human wants with limited resources.
• D)All of the answers are true statements.
• E)The only true statements are "As a result of scarcity, individuals must make choices and face trade-offs" and " "It is impossible to satisfy unlimited human wants with limited resources."

---

Definitions:

Deleting New Products

The process of removing recently introduced goods or services from the market or production lines, often due to underperformance or strategic realignment.

Program Manager

A professional responsible for overseeing the successful planning, execution, and closure of a program, which consists of multiple, related projects.

Organisational Design

The process of structuring an organization in order to effectively manage resources, operations, and achieve goals.

Lateral Communication

The exchange of information, ideas, or requests between individuals at the same level within an organizational hierarchy.