why do individual, business and nations make choices?

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Answer 1

Answer: Since consumers' resources such as time, attention, and money are limited, they must choose how to best allocate them by making tradeoffs. ... When scarce resources are used (and just about everything is a scarce resource), people and firms are forced to make choices that have an opportunity cost


Related Questions

Explain the importance of profession

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Professionals – Professions not only improve employment and career longevity, but can also provide an important community purpose and empowerment, allowing people's careers to contribute to the social good.

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Professions not only improve employment and career longevity, but can also provide an important community purpose and empowerment, allowing people's careers to contribute to the social good.

Market failures A. prevent the price system from attaining economic efficiency. B. are usually caused by government interference in the economy. C. encourage people to purchase more of a good than they really want. D. encourage businesses to produce more of a good than they really want to.

Answers

Answer:

A

Explanation:

Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.

Wally and Kim, a married couple with an average life expectancy, have a retirement budget of $6,000/month. While they are both alive their Social Security and Kim's military retirement will pay $4,500/month. Wally's IRA is sufficient to generate $1,505/month with the features they need. What Retirement Level have they achieved?

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Answer: Card 5

Explanation:

Retirement frequently involves a series of periods with various spending preferences and financial requirements. Hence Level 5 is correct .

What is Retiring Level ?

Pre-retirement (about between the ages of 50 and 62), the early stage of retirement (between the ages of 62 and 70), middle retirement (between the ages of 70 and 80), and late retirement make up a four-phase retirement model (80 and up).

The "80 percent rule" of retirement planning argues that you should budget to live on 80% of your pre-retirement income in order to retain a similar standard of living. As a result, if your annual income is $100,000, you should aim for a retirement income of around $80,000.

Pre-retirement is stage 1.

The early stage of retirement is stage two.

Stage 3: Disillusionment.

Stage 4: Reorientation and self-discovery.

Stage 5: stability

All of the pension funds that are not supported by the government are included in the third pension level. People who seek a more flexible approach to saving for retirement than is feasible under the voluntary occupational or the basic state pension system may be interested in these funds.

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what benefits do you think its the best?

working knowledge of the functional areas of business.

ability to recognize an ethical dilemma and make the most appropriate response.

the ability to work effectively as a member of a team.

Answers

Explanation:

I think the (a) is the best.

Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money to start her own business. She is going to make cakes for special occasions such as birthdays, weddings, and religious
festivals.
1. Give an example for each of the four factors of production Fatima will use in her new business.
2. What is the ‘opportunity cost’ to Fatima of her decision to start her own business?
3. Is Fatima’s business meeting consumer ‘needs’ or consumer ‘wants’? Justify your answer.

Answers

1). The four factors that would be involved in Fatima's bakery business would be:

Land or the place where she would prepare and pack the cakes. Labor who would be involved in the production of the cakes. Capital that would be invested to incur the costs of the production. Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'

2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.

3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.

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Describe what makes a computer or an airplane a global product.


WILL GIVE BRAINLIEST IF ANSWERED RIGHT

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It makes is a global product because people around the globe use it. You can see an airport almost everywhere you go. As well as computers

The basic features that make a computer or an aero plane a global product are their work efficiency and speed of delivering data.

What is a global product?

The term "global product" is a combination of two terms: one is global and the second is product. By the term "product," we can understand the thing which is used by each and everyone.

On the other hand, the term "global" is used to denote things that are available in the whole world and used by everyone or most of the people, so the term "global product" means such kinds of products which are used by most of the people in the whole world.

In the present scenario, with the advancement of technology and the burden of work, it's not easy for humans to remember everything and to spend lots of time traveling.

Therefore, the two common global products are computers and airplanes, which are used because of their work efficiency and speed of delivery.

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L. Lyons started a business and invested $4,000 in exchange for common stock. Illustrate how to record the transaction in the T-accounts by completing the following sentence. The Cash account would be Blank 1 of 4(debited/credited) on the Blank 2 of 4(left/right) side of the T-account and the Common stock account would be Blank 3 of 4(debited/credited) on the Blank 4 of 4 (left/right) side of the T-account.

Answers

Answer: Debited/left/credited/right

Explanation:

L. Lyons started a business and invested $4000. Following is the illustration of recording the transaction in the T-accounts:

The Cash account would be debited on the left side of the T-account and the Common stock account would be credited on the right side of the T-account

What are T-accounts?

In the business world, there are various terms that are formal as well as informal. The reason behind the usage of the terms is to make the conversation easier and more convenient.

The term “T-account” is used in business for keeping the financial record in the double-entry bookkeeping system. This term is an informal term. There is a reason behind calling the term a T-account.

The format of the account resembles the alphabet T, in which on the left side debits are mentioned, and on the right side credits are mentioned.

Therefore, transactions in the T-accounts will be recorded as per the above-mentioned illustration.

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Put the following events from computer history in the order they happened:
Drag
Drop
Drag events here with oldest at top
The World Wide Web becomes available to the public
Scientists at Bell Laboratories invent the transistor
Apple releases the iPhone
Herman Hollerith develops electronic tabulating machine
International Business Machines, or IBM, is formed
The Apple Il is released for home consumers
Jack Kilby invents the microchip

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The sequencing of the following events with respect to computer history is as follows:

In 1890, Herman Hollerith introduced a machine of electronic tabulation.In 1911, IBM or an International business machine should be developed.In 1947, The scientist invented the transistor at Bell Laboratories.In 1958, Microchip was invented by Jack Kilby.In 1977, Home consumers should be released by the Apple II.In 1993, WWW or World wide web could be accessed by the public.In 2007, iPhone should be introduced by Apple.

In this way, the above events should be ordered.

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Answer:

Answer in image

Explanation:

'गंध' शब्द में उपसर्ग एवं प्रत्यय जोड़कर चार शब्द बनाइए।​

Answers

Answer:

Sugandh...Durgandh

gandhak..

In which item category would the sourcing strategies of ensuring availability of supply, focusing on relationship building, encouraging process integration and innovation, frequent communications, and establishing mutually agreeable supplier performance criteria, be appropriate

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The answer is………………………………

Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.

Answers

Answer:

if you pick a job you really dont like you're not gonna go to it clock in none of that picking a job you like and comfortable with you'll want to go everyday and give 110 percent

Answer:

Actually enjoying doing a job can give you a lot more motivation than doing one you hate. Be careful to pick a job you'll actually enjoy so you'll have a reason to work hard for it.

A global start-up faces many management challenges including a. pressure to perform internally all primary activities of the value chain. b. hiring only from home country. c. communication and coordination across time zones. d. assuring financing from home country only.

Answers

Assuring financing
Home county
Across time zone
Coordination
County only
Home county

Control measures should​ ________. A. be linked by feedback to help learning and future planning B. be set by excluding nonfinancial information C. be set and not changed until the next budget cycle so as to provide an effective benchmark D. be kept confidential from employees so that competitors​ don't have an opportunity to gain a competitive advantage

Answers

A. Be linked by feedback to help learning and future planning.

The three parts of an income statement heading are _____.


who

when

where

what

motivation of 50. also last year trying to get rid of them. Have a good day :D

Answers

Answer:

Who,When,What

Explanation:

What academic information do you have about sub-overseer?​

Answers

Explanation:

Pre-Diploma in Civil Engineering (Civil Sub-Overseer) program is designed to prepare competent general civil sub-overseers equipped with knowledge, skills and attitude especially, in the area construction Engineering & Technology of building construction, water supply, irrigation and road and trail bridges sectors.

They can provide services in the growing infrastructure development industries (civil construction companies and consulting firms) government institutions (centre and local level), local as well as international non-governmental organizations or can start their own business in the country as well as abroad.

( x+y) ^ 2-a^2+b^2


aaaaaaaaaaaaa​

Answers

Explanation:

[tex]thank \: you[/tex]

Explanation:

(a+b) ^2 - a^2+ b^2

(a+b) ^2 - a^2+ b^2(a+b) +(a+b) - a^2+b^2

(a+b) ^2 - a^2+ b^2(a+b) +(a+b) - a^2+b^2a(a+b) + b(a+b) - a^2 +b^2

(a+b) ^2 - a^2+ b^2(a+b) +(a+b) - a^2+b^2a(a+b) + b(a+b) - a^2 +b^2a^2+ab + ab+b^2 - a^2+b^2

(a+b) ^2 - a^2+ b^2(a+b) +(a+b) - a^2+b^2a(a+b) + b(a+b) - a^2 +b^2a^2+ab + ab+b^2 - a^2+b^2a^2+ 2ab +2b^2 - a^2

(a+b) ^2 - a^2+ b^2(a+b) +(a+b) - a^2+b^2a(a+b) + b(a+b) - a^2 +b^2a^2+ab + ab+b^2 - a^2+b^2a^2+ 2ab +2b^2 - a^2a^2- a^2 +2ab +2b^2

I hope this will help you :-)

governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.

Answers

Answer:

Developing

Explanation:

discuss how the problems of what, how and for whom exist​

Answers

What does this mean I’m so confused

Swaggy and cool peeps tryna answer or find questions about their business course

Answers

Answer:

..............................

When a salesperson is discharged for a violation of any of the provisions of the Real Estate Law, the employing broker must immediately file a __________ with the Commissioner.

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Certified written statements of the facts.

all work are dignified and equal. justify​

Answers

Answer:

I hope that is helpful for you.

Project Quality Management includes the processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to:

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Answer:

Project Quality Management includes processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders' objectives. It supports the continuous improvement activities undertaken on behalf of the performing organization.

Explanation:

Project Quality Management includes processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders' objectives. It supports the continuous improvement activities undertaken on behalf of the performing organization.

Project Quality Management includes the processes for incorporating the organization's quality policy regarding planning, managing, and controlling project and product quality requirements in order to meet stakeholders objectives.

What do you mean by Planning?

Thinking about the steps necessary to accomplish a goal is the process of planning. Foresight, the fundamental ability for mental time travel, is the foundation of planning. The ability to plan ahead and exhibit foresight is assumed to have evolved early in the course of human evolution.

The three main steps in project quality management are as follows. These include quality assurance, planning, and control. Setting up a project's clear aim or goals is the main emphasis of planning. Assurance shows stakeholders that a project is operating as it should by using tests, metrics, and checklists.

Therefore, Product quality requirements in order to meet stakeholders objectives.

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Need help ASAP!

Select the described workplace culture from the drop-down menu below.

* workplace culture emphasizes everyone being in agreement

* workplace culture emphasizes development of new skills

* workplace culture emphasizes reacting quickly to change

* workplace culture emphasizes accomplishing goals

Answers

Answer:

The workplace culture emphasizes everyone being in agreement.

Explanation:

The workplace culture emphasizes everyone being in agreement.

An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.

It should helped to everyone to achieve their organizational target.

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Answer:

✔ Consistency-oriented

workplace culture emphasizes everyone being in agreement.

✔ Involvement-oriented

workplace culture emphasizes development of new skills.

✔ Adaptive

workplace culture emphasizes reacting quickly to change.

✔ Achievement-based

workplace culture emphasizes accomplishing goals.

Explanation:

answer on edge

Which part of the purchasing process includes the sum of money due in
payment for the goods?
A. Invoice
B. Payment
C. Requisition
D. Shipping
ANSWER: A. Invoice

Answers

Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

Answer:

in voice

Explanation:

How does technology play the role to modernize the society? (a short and sweet answer pelase)​

Answers

Answer:

technology help to develope the society faster

Which of the following is an example of the limited role of government in the economy

Answers

Answer:

the creation of privately-owned businesses

Explanation:

I know you got this

Why does investing in stocks often yield a higher rate of return than investing in certificates of deposit?
A) There is a risk that investors in stocks will lose all of their investments if the company in which they invested fails.
B) There is a risk that investors in stocks will be forced to sell their shares of a company if the company goes bankrupt.
C) There is a risk that investors in stocks will be forced to invest more money in a company if the company cannot pay its debts.
D) There is a risk that investors in stocks will be criminally charged for any wrongdoing on the part of the company in which they invested.​

Answers

Answer:

Letra D)

Explanation:

Name the different university programme available in nepal and describe any two of them.​

Answers

Explanation:

A-level

International bachelor's degree

National Science colleges

Medical colleges

Engineering colleges

Management colleges

Hotel Management college

-Describe any 2 of them?

****International bachelor's degree

1.) Is a undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six years.

****Hotel Management college

2.) In the context of Nepal, if you want to pursue your career in hotel management. an undergraduate course having a duration of 4 years with 8 semesters with a minimum fee structure.

Suellen meets with licensee Nick to discuss selling the home where she has lived for 30 years. Suellen wants enough money from the sale to purchase a condo in a new community and buy some new furniture without going into debt. She tells Nick she needs to make $215,000 on the sale. Anything he can get over and above that amount will be his to keep. This is an example of a(n)

Answers

net listing, the seller sets a net amount that they will accept, anything above that amount is the agents to keep

1.All illegal acts are also immoral true/ false. Give one example.

Answers

Answer:

false

Explanation:

Just because something is immoral does not make it illegal and just because something is illegal it does not make it immoral. Not all immoral acts are illegal.

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