What is a scarce resource? Why is an organization's most scarce resource likely to change from time
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
A scarce resource is any input that constrains production capacity In the short run any co...View the full answer
Answered By
Mary Boke
As an online tutor with over seven years of experience and a PhD in Education, I have had the opportunity to work with a wide range of students from diverse backgrounds. My experience in education has allowed me to develop a deep understanding of how students learn and the various approaches that can be used to facilitate their learning. I believe in creating a positive and inclusive learning environment that encourages students to ask questions and engage with the material. I work closely with my students to understand their individual learning styles, strengths, and challenges to tailor my approach accordingly. I also place a strong emphasis on building strong relationships with my students, which fosters trust and creates a supportive learning environment. Overall, my goal as an online tutor is to help students achieve their academic goals and develop a lifelong love of learning. I believe that education is a transformative experience that has the power to change lives, and I am committed to helping my students realize their full potential.
5.00+
4+ Reviews
21+ Question Solved
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Question Posted:
Students also viewed these Cost Accounting questions
-
What is a scarce resource? Why will the resource that is most scarce in an organization be likely to change from time to time?
-
If there is a scarce resource that is restricting sales, how will the business maximise its profit? Explain the logic of the approach that you have identified for maximising profit.
-
What is the general rule for allocating a scarce resource to making multiple products?
-
John Black is considering to purchasing a land from Real Estate Ltd for $1,000,000. The terms of the agreement are, 10% down payment, and the balance is to be repaid at 20% interest for duration of...
-
Thieu Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Instructions Record entries for the disposal under the following assumptions. (a) It was scrapped as having no...
-
After watching a number of children playing games at a video arcade, a statistics practitioner estimated the following probability distribution of X, the number of games per visit. x 1 2 3 4 5 6 7 P...
-
Assume that a U.S. corporation imports electronic equipment from Japan in a transaction denominated in U.S. dollars. Is this transaction a foreign currency transaction? A foreign transaction? Explain...
-
Toys, Inc., is a 20- year- old company engaged in the manufacture and sale of toys and board games. The company has built a reputation on quality and innovation. Although the company is one of the...
-
Case 1: A secretary for a public company interceded on behalf of an unpaid legitimate supplier and the accounts payable department could not locate the original invoice, it nonetheless agreed to pay...
-
Robin Pinelli is considering three job offers. In trying to decide which to accept, Robin has concluded that three objectives are important in this decision. First, of course, is to maximize...
-
What is outsourcing? Why is the practice heatedly debated in the United States?
-
What is the objective of managing the sales mix of products? What are the major factors that influence sales mix?
-
Beginning at time \(t=0\), astronauts in a landing module are descending toward the surface of an airless moon with a downward initial velocity \(-\left|v_{0}ight|\) and altitude \(y=h\) above the...
-
1. [-/1 Points] DETAILS Find the associated exponential decay or growth model. (Round all coefficients to three significant digits.) Q=3,000 when t = 0; doubling time = 4 Q = Need Help? Read It Watch...
-
The 10 m wide gate restrains water at a depth of 6 m. Calculate the magnitude of the hinge reaction at A, and the contact force between the gate and the smooth surface B. Neglect the weight of the...
-
Write a program loop, using a pointer and a counter, that dears i'o 0 the contents of hexadecimal locations 500 through 5FF. Write a program to multiply two positive numbers by a repeated addition...
-
entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are...
-
APA formatting : Take the information below and put it into correct APA format. Journal Article (5 points) Authors: William R. Johnson, Cynthia E. Hernandez, Jamal M. Wilson. Year published: 2019....
-
In category 1s accounting for by-products, there are two separate areas where income from by-products can be shown on the income statement. List these classifications. mlo4
-
General Electric Capital, a division of General Electric, uses long-term debt extensively. In a recent year, GE Capital issued $11 billion in long-term debt to investors, then within days filed legal...
-
You have two salts \(\mathrm{AgX}\) and \(\mathrm{AgY}\) with very similar \(K_{\mathrm{sp}}\) values. You know that the \(K_{\mathrm{a}}\) value for \(\mathrm{HX}\) is much greater than the...
-
Virciglio Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and...
-
Teng Corporation estimated its overhead costs would be $30,000 per month except for January when it pays the $90,000 annual insurance premium on the manufacturing facility. Accordingly, the January...
-
Laura Keeton is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are...
-
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
-
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
-
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...
Study smarter with the SolutionInn App