Scarcity Reflects Our Inability to Satisfy Wants Due To

question 36

Multiple Choice

Scarcity reflects our inability to satisfy wants due to:

• A) unlimited resources.
• B) limited resources.
• C) inefficient political systems.
• D) unemployed workers.

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Definitions:

Long-Term Objectives

Goals that an organization aims to achieve over an extended period, typically beyond one year, to guide strategic direction and growth.

Short-Term Problems

Issues or challenges that need immediate resolution but do not typically affect long-term performance or strategy.

Strategic Opportunism

The practice of staying open to new opportunities while having a strategic framework to guide decision-making.

Long-Term Objectives

Strategic goals that an organization or individual aims to achieve over an extended period, typically several years or more.