Business, 02.03.2020 21:40, EricaLSH7624

Which statement about wants and needs is TRUE?

All items that are deemed as needs can also be categorized as wants.

Wants and needs are generally the same for most people.

All items that are deemed as wants can also be categorized as needs.

Wants and needs are what can lead to vastly different budgets among different people.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:40, farrellandnandi

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

Answers: 3

continue

Business, 22.06.2019 12:00, kaylallangari549

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Answers: 2

continue

Business, 22.06.2019 14:30, ayoismeisjjjjuan

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Answers: 3

continue

Business, 22.06.2019 15:00, Jocelynrichards

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

Answers: 1

continue

Do you know the correct answer?

Which statement about wants and needs is TRUE?

All items that are deemed as needs can al...