Is Every purchase decision involves the use of two scarce resources?

Is Every purchase decision involves the use of two scarce resources?
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Identify the idea depicted in the cartoon: a. Equal distribution of income and wealth in the world. b. disparities of income and wealth between the rich and poor in the world c. The rich have access to scarce resources d. The poor have access to more resources because they are needy Correct

Description : Identify the idea depicted in the cartoon: a. Equal distribution of income and wealth in the world. b. disparities of income and wealth between the rich and poor in the world c. The rich have access to scarce resources d. The poor have access to more resources because they are needy Correct

Last Answer : b. disparities of income and wealth between the rich and poor in the world

The level at which the software uses scarce resources is (A) reliability (B) efficiency (C) portability (D) all of the above

Description : The level at which the software uses scarce resources is (A) reliability (B) efficiency (C) portability (D) all of the above

Last Answer : (B) efficiency

Scarcity of resources leads to (a) Unsatisfaction of human wants ; (b) Evaluation of alternative uses of scarce resources; (c) Both ; (d) None

Description : Scarcity of resources leads to (a) Unsatisfaction of human wants ; (b) Evaluation of alternative uses of scarce resources; (c) Both ; (d) None

Last Answer : (c) Both ;

In areas where grazing land is scarce people often use milk from the what?

Description : In areas where grazing land is scarce people often use milk from the what?

Last Answer : What is the answer ?

Doesn't destroying ivory art simply make ivory more scarce, thus more valuable, and thus increase poachers' incentive to kill elephants?

Description : Doesn't destroying ivory art simply make ivory more scarce, thus more valuable, and thus increase poachers' incentive to kill elephants?

Last Answer : I watched that last night and I agree with you, I think it drives demand. And now those beautiful elephants were killed for naught. Of course the Asian markets should have major penalties for breaking the law if elephants could truly be extinct in the next ten years. The whole thing is so sad.

Why are foxes scarce?

Description : Why are foxes scarce?

Last Answer : They are all over the place where I live, which is mostly old fields and woods. However, I watched one wander around for ten minutes in downtown Lenox, MA around Christmas time. It looked healthy and not mangy and seemed content to be watched.

When Darwin noticed that birds that were good at finding scarce food in the winter had a better chance of surviving and producing offspring. what did he call this struggle of existence?

Description : When Darwin noticed that birds that were good at finding scarce food in the winter had a better chance of surviving and producing offspring. what did he call this struggle of existence?

Last Answer : Survival of the fittest / natural selection

When Darwin noticed that birds that were good at finding scarce food in the winter had a better chance of surviving and producing offspring. what did he call this struggle of existence?

Description : When Darwin noticed that birds that were good at finding scarce food in the winter had a better chance of surviving and producing offspring. what did he call this struggle of existence?

Last Answer : Survival of the fittest / natural selection

Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Description : Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Last Answer : (4) Hot currency Explanation: Hot money or currency is a term that is most commonly used in financial markets to refer to the now of funds (or capital) from one country to another in ... money" because they can move very quickly in and out of markets, potentially leading to market instability.

A currency whose exchange rate is influenced by the government is a/an - (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Description : A currency whose exchange rate is influenced by the government is a/an - (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Last Answer : (2) Managed Currency Explanation: Managed currency refers to currency whose ex-change rate is not determined by the free-market forces of demand and supply but instead by the government's intervention through the country's central bank.

)A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Description : )A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Last Answer : (1) Soft currency Explanation: Soft currency is a currency with a value that fluctuates as a result of the country's political or economic uncertainty which may be due to balance of payments ... set unrealistically high exchange rates, pegging their currencies to a currency such as the U.S. dollar

Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Description : Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Last Answer : (3) land scarce, labour surplus economy Explanation: The labor surplus economy model has as its basic premise the inability of unskilled agricultural labor markets to clear in countries with high man/land ... Japan, South Korea, and Taiwan are similar to India in being land scarce and labor surplus.

All of the goods which are scarce and limited in supply are called - (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

Description : All of the goods which are scarce and limited in supply are called - (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

Last Answer : (4) Economic goods Explanation: In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. An economic good is a consumable item ... goods (such as air) are naturally in abundant supply and need no conscious effort to obtain them.

Commercial power generation from fusion reactor is not yet possible, because (A) It is difficult to control nuclear fusion reaction (B) The fuel required (i.e., deuterium & tritium) is scarce (C) It is difficult to initiate fusion reaction (D) Quantity of fuel required for initiating fusion reaction is prohibitively high

Description : Commercial power generation from fusion reactor is not yet possible, because (A) It is difficult to control nuclear fusion reaction (B) The fuel required (i.e., deuterium & tritium) is ... to initiate fusion reaction (D) Quantity of fuel required for initiating fusion reaction is prohibitively high

Last Answer : (A) It is difficult to control nuclear fusion reaction

Commercial power generation from fusion reactor is not yet possible, because (A) It is difficult to control fusion reaction (B) The fuel required (e.g. deuterium and tritium) is scarce (C) It is difficult to initiate fusion reaction (D) Quantity of fuel required for initiating fusion reaction is prohibitively high

Description : Commercial power generation from fusion reactor is not yet possible, because (A) It is difficult to control fusion reaction (B) The fuel required (e.g. deuterium and tritium) is scarce ... to initiate fusion reaction (D) Quantity of fuel required for initiating fusion reaction is prohibitively high

Last Answer : (A) It is difficult to control fusion reaction

Aluminium as a material of construction suffers from the disadvantage of (A) Very high cost (B) Rather low tensile strength (C) Very low strength to weight ratio (D) Scarce availability

Description : Aluminium as a material of construction suffers from the disadvantage of (A) Very high cost (B) Rather low tensile strength (C) Very low strength to weight ratio (D) Scarce availability

Last Answer : (B) Rather low tensile strength

The business development department of SIPCOT guides entrepreneurs in ______. A. applying for licences. B. approval on collaboration. C. allocation of scarce raw materials. D. All the above

Description : The business development department of SIPCOT guides entrepreneurs in ______. A. applying for licences. B. approval on collaboration. C. allocation of scarce raw materials. D. All the above

Last Answer : D. All the above.

In economic wealth is the stock of all those material and immaterial objects which……... (a) Are transferable ; (b) Have utility ; (c) Are scarce ; (d) All the three

Description : In economic wealth is the stock of all those material and immaterial objects which……... (a) Are transferable ; (b) Have utility ; (c) Are scarce ; (d) All the three 

Last Answer : ; (d) All the three 

Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Description : Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Last Answer :  land scarce, labour surplus economy

A currency whose exchange rate is influenced by the government is a/an (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Description : A currency whose exchange rate is influenced by the government is a/an (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Last Answer : Managed Currency

A currency having a falling exchange rate due to continuing balance of payments deficit is called a (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Description : A currency having a falling exchange rate due to continuing balance of payments deficit is called a (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Last Answer : Soft currency

Foreign currency which has a tendency of quick migration is called (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Description : Foreign currency which has a tendency of quick migration is called (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Last Answer : Hot currency

All of the goods which are scarce and limited in supply are called (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

Description : All of the goods which are scarce and limited in supply are called (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

Last Answer : Economic goods

Hawthorne studiesA. Recognizes that the appropriate management actions depend on the situationB. Studied the relationship of lighting levels to worker productivity. C. Involves the use of quantitative techniques to improve management decision making. D. None of these options is correct

Description : Hawthorne studies A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. Involves the use of quantitative techniques to improve management decision making. D. None of these options is correct

Last Answer : Studied the relationship of lighting levels to worker productivity.

The ‘Management Science Approach…. A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. Involves the use of quantitative techniques to improve management decision making. D. None of these options is correct

Description : The Management Science Approach . A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. ... quantitative techniques to improve management decision making. D. None of these options is correct

Last Answer : Involves the use of quantitative techniques to improve management decision making.

Hawthorne studies A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. Involves the use of quantitative techniques to improve management decision making. D. None of these options is correct.

Description : Hawthorne studies A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. Involves the use of quantitative techniques to improve management decision making. D. None of these options is correct.

Last Answer : Studied the relationship of lighting levels to worker productivity.

The ‘Management Science Approach…. A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. Involves the use of quantitative techniques to improve management decision making. D. None of these options is correct.

Description : The Management Science Approach . A. Recognizes that the appropriate management actions depend on the situation B. Studied the relationship of lighting levels to worker productivity. C. ... quantitative techniques to improve management decision making. D. None of these options is correct.

Last Answer : Involves the use of quantitative techniques to improve management decision making

What step in the decision making process involves looking at the pros and cons of an option?

Description : What step in the decision making process involves looking at the pros and cons of an option?

Last Answer : What is the answer ?

The third stage of Resource Planning involves ? (a) Identification and inventory of resources. (b) Matching the resource development plan with overall National Development plan. (c) Evolving a planning structure endowed with appropriate technology. (d) Qualitative and quantitative estimation and measurement of the resources.

Description : The third stage of Resource Planning involves ? (a) Identification and inventory of resources. (b) Matching the resource development plan with overall National Development plan. (c) ... with appropriate technology. (d) Qualitative and quantitative estimation and measurement of the resources.

Last Answer : (b) Matching the resource development plan with overall National Development plan.

Which step in developing new products involves determining whether the product idea is compatible with company objectives, needs, and resources on a general level ? 1. Product Development 2. Screening 3. Idea Generation 4. Business Analysis 5. None of these

Description : Which step in developing new products involves determining whether the product idea is compatible with company objectives, needs, and resources on a general level ? 1. Product Development 2. Screening 3. Idea Generation 4. Business Analysis 5. None of these

Last Answer : Screening

Distributed processing involves a) solving computer component problems from a different computer b) solving computing problems by breaking them into smaller parts that are separately processed by different computers c) allowing users to share files on a network d) allowing users to access network resources away from the office e) None of these

Description : Distributed processing involves a) solving computer component problems from a different computer b) solving computing problems by breaking them into smaller parts that are separately processed by different ... ) allowing users to access network resources away from the office e) None of these

Last Answer : b) solving computing problems by breaking them into smaller parts that are separately processed by different computers

Which step in developing new products involves determining whether the product idea is compatible with company objectives, needs, and resources on a general level? A)product development B)screening C)idea generation D)business analysis

Description : Which step in developing new products involves determining whether the product idea is compatible with company objectives, needs, and resources on a general level? A)product development B)screening C)idea generation D)business analysis

Last Answer : B)screening

___________ involves allocating resources by detailing what activities haveto be done, the order in which they are to be completed, who is to do each,and when they are to be complete(d) (a) Benchmarking ; (b) Budgeting ; (c) Scheduling ; (d) Competitor intelligence

Description : ___________ involves allocating resources by detailing what activities haveto be done, the order in which they are to be completed, who is to do each,and when they are to be complete(d) (a) Benchmarking ; (b) Budgeting ; (c) Scheduling ; (d) Competitor intelligence

Last Answer : (b) Budgeting ;

Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of an organization who are responsible for achieving the unit's objectives within a specified period of time. (c) Looks specifically at resources, finances, and market conditions to determine ways to accomplish the overall plans of the organization. (d) Determines the day-to-day operations within an organization.

Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.

Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.

29. A constraint in an LP model restricts a. Value of objective function b. Value of a decision variable c. Use of the available resources d. All of the above

Description : 29. A constraint in an LP model restricts a. Value of objective function b. Value of a decision variable c. Use of the available resources d. All of the above

Last Answer : d. All of the above

A constraint in a Linear Programming Model restricts: a. Value of objective function b. Value of decision variable c. Use of available resources d. All of the above

Description : A constraint in a Linear Programming Model restricts: a. Value of objective function b. Value of decision variable c. Use of available resources d. All of the above

Last Answer : d. All of the above

What resources could be helpful when making a spending decision?

Description : What resources could be helpful when making a spending decision?

Last Answer : Feel Free to Answer

One of the reasons a project life cycle is split into phases ic. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.s to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development.

Description : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.

Fill in the blanks. It is during the ______________ phase that the decision should be made regarding whether the project should continue. During this phase, ____________ must be considered and weighed against the potential benefit of the project’s success. Select one: a. completion, cost b. closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of project development. c. mirror the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.

Description : One of the reasons a project life cycle is split into phases is to:  a. facilitate formal go/no-go decision making during the project.  b. balance the costs of work in each phase ... the major deployments of resources throughout the project.  d. chunk work into time periods of similar durations.

Last Answer : a. facilitate formal go/no-go decision making during the project.

The decision to request an increase the resources for a project is the responsibility of the: 1. Functional manager 2. Project manager 3. Director of project management 4. Customer

Description : The decision to request an increase the resources for a project is the responsibility of the: 1. Functional manager  2. Project manager  3. Director of project management  4. Customer

Last Answer : 2. Project manager

Which of the following is considered a primary reason for creating an internal audit department? a. To safeguard resources entrusted to the organization. b. To evaluate and improve the effectiveness of control processes. c. To ensure the accuracy, reliability, and timeliness of financial and operating data used in management's decision making. d. To relieve management of the responsibility for establishing effective controls

Description : Which of the following is considered a primary reason for creating an internal audit department? a. To safeguard resources entrusted to the organization. b. To evaluate and improve the ... 's decision making. d. To relieve management of the responsibility for establishing effective controls

Last Answer : To evaluate and improve the effectiveness of control processes.

35. Which of the following is not a characteristic of the L P model a. Alternative courses of actions b. An objective function of maximization type c. Limited amount of resources d. Non-negativity condition on the value of decision variable

Description : 35. Which of the following is not a characteristic of the L P model a. Alternative courses of actions b. An objective function of maximization type c. Limited amount of resources d. Non-negativity condition on the value of decision variable

Last Answer : b. An objective function of maximization type

2. Non-Negativity condition is an important component of L P model because a. Variables value should remain under the control of the decision-maker b. Value of variables make sense & correspond to real-world problemsc. Variables are interrelated in terms of limited resources d. None of the above

Description : 2. Non-Negativity condition is an important component of L P model because a. Variables value should remain under the control of the decision-maker b. Value of variables make sense & correspond to real-world problems c. Variables are interrelated in terms of limited resources d. None of the above

Last Answer : b. Value of variables make sense & correspond to real-world problems

Which screens are necessary to make a complete human resource decision when the advance module has been activated? a. Production & human resources b. Marketing & human resources c. Finance & marketing d. Human resources & TQM e. None of the above choices are correct

Description : Which screens are necessary to make a complete human resource decision when the advance module has been activated? a. Production & human resources b. Marketing & human resources c. Finance & marketing d. Human resources & TQM e. None of the above choices are correct

Last Answer : a. Production & human resources

Which of the following are tools of management accounting? (i) Decision accounting (ii) Standard costing (iii) Budgetary control (iv) Human Resources Accounting A. (i), (ii) and (iii) B. (i), (iii) and (iv) C. (i),(ii) and (iii) D. (i), (ii), (iii), (iv)

Description : Which of the following are tools of management accounting? (i) Decision accounting (ii) Standard costing (iii) Budgetary control (iv) Human Resources Accounting A. (i), (ii) and (iii) B. (i), (iii) and (iv) C. (i),(ii) and (iii) D. (i), (ii), (iii), (iv)

Last Answer : C. (i),(ii) and (iii)

........................may be defined as a method of determining an optimal program of interdependent activities in view of available resources. a. Goal programming b. Linear programming c. Decision making d. None of these

Description : ........................may be defined as a method of determining an optimal program of interdependent activities in view of available resources. a. Goal programming b. Linear programming c. Decision making d. None of these

Last Answer : b. Linear programming

............................ models involve the allocation of resources to activities in such a way that some measure of effectiveness is optimised. a. Sequencing b. Allocation c. Queuing theory d. Decision theory

Description : ............................ models involve the allocation of resources to activities in such a way that some measure of effectiveness is optimised. a. Sequencing b. Allocation c. Queuing theory d. Decision theory

Last Answer : b. Allocation