The Fact That People Have Unlimited Wants Means That

question 40

Multiple Choice

The fact that people have unlimited wants means that

• A)they always want more of at least one good
• B)each person has an unlimited desire for every good
• C)labor unions demand wage increases
• D)selfish people are not concerned about others
• E)people buy goods without regard to what they can afford

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Definitions:

Organizational Structure

the system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles, rules, and responsibilities.

Decisions Made Quickly

A process where choices or judgments are reached in a short period of time, often to respond to immediate needs or opportunities.

Simple

Easily understood or done; presenting no difficulty.

Organizational Structure

The way in which a company or organization is organized, including the roles, responsibilities, and communication systems that govern how its activities are directed towards achieving its objectives.