The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
Answer: Option D
Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period
In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.
Answer:
The correct answer is (B)
Explanation:
Barry's search for information about wine is on-going. He likes to purchase wine and for that reason, he thinks about it and continuously read article and book. He read articles and book every month which shows that it is an on-going search. Any search which is continuous, monotonous and repetitive is known as on-going search.
The traits and skills can help to explain the successful strategic leadership by <span>Gyosn are the below:
</span><span>Relationship in the middle of execution and system
</span>
Transparency
Communication
The CEO of Nissan and Renault is a champion among the most interesting pioneers in the private zone. Carlos Ghosn has made the affirmation of essential qualities as a pioneer. A champion among the most basic characteristics of Carlos Ghosn is addressed by the ability to get a handle on social differentiations. His own particular experience enables and sponsorships such a technique. He recognizes social complexities and even consolidates them in the legitimate society.
