haron Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indi- cated that one supplier, Apex, appeared to fit exactly the requirements Visionex had speci- fied in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharon's office. He stated that he had done some re- search on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visiones. He pointed out that Sharon's first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, "Micron." At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, "Look, I know you're new but you should know this. I heard last week that Dave's brother-in-law is a new part owner of Micron. I was wondering how soon it would be be- fore he started steering business to that company. He is not the straightest character." Sha- ron was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Dave's previous preferred suppliers.ASSIGNMENT1. What does the Institute of Supply Management code of ethics say about financial conflicts of interest 2. Ethical decisions that affect a buyer's ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables. 3. What should Sharon do in this situation?

Answers

Answer 1

1. The Institute of Supply Management (ISM) Code of Ethics states that purchasing professionals should avoid any conduct or practice that might create a conflict of interest, including financial conflicts of interest

2. Using the four variables: Organizational environment: history of making decisions based on personal interests; cultural environment: personal relationships and potential financial gain influence business decisions; personal environment: Sharon values objective criteria while values personal connections; and industry environment: requires evaluating suppliers based on price, quality, and delivery lead times.

3. In this situation, Sharon should continue to objectively evaluate the suppliers, document her decision-making process, report the potential conflict of interest, and be prepared to support her decision.

1. The Institute of Supply Management (ISM) code of ethics states that financial conflicts of interest should be avoided. It requires professionals to "avoid any private or professional activity that would create a conflict between personal interests and the interests of their employer." This means that any decisions should be made based on the best interest of the company, rather than personal connections or potential financial gain.

2. Analyzing the scenario using the four variables:

Organizational environment: The organization seems to have a history of making decisions based on personal interests, as evidenced by the previous buyer being terminated for not going along with Dave's preferred supplier.Cultural environment: Dave's actions suggest a culture where personal relationships and potential financial gain can influence business decisions.Personal environment: Sharon values making decisions based on objective criteria, while Dave seems to prioritize personal connections.Industry environment: The industry requires evaluating suppliers based on price, quality, and delivery lead times, which Sharon is doing while reviewing quotations for the tooling contract.

3. In this situation, Sharon should:

Continue to objectively evaluate the suppliers based on the criteria specified in the proposal.Document her decision-making process and the reasons for selecting Apex as the best choice.Report the potential conflict of interest involving Dave and his brother-in-law to upper management or the appropriate ethics committee within the company.Be prepared to support her decision and the reasons for choosing Apex over Micron, even if it goes against Dave's preference.

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Related Questions

Explain one reason why a business may use social media to promote

Answers

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

what is the 10-year to 3-month term premium

Answers

the 10-year to 3-month term premium will be 0.079%. The term premium is the overabundance return that a financial backer gets in harmony from resolving to hold a drawn out bond rather than a progression of more limited term bonds.

The premiums that are the regularly scheduled installments that are finished to pay the inclusion of the insurance contract are less expensive in term life coverage than in real money life coverage as the term just covers the recipients for the period the contract is purchased for instance: a half year. On the off chance that the individual who claims the arrangement passes on in a half year, the insurance agency needs to pay the recipients the capital set in the strategy.

Anyway assuming the individual passes on after the a half year or doesn't bite the dust the insurance agency pay nothing to the buyer of the strategy.

In the money life coverage the individual gets one last installment though the individual lives or passes on as the strategy goes about as a saving arrangement.

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in the current year, erin had the following capital gains (losses) from the sale of her investments: $3,000 ltcg, $24,000 stcg, ($10,000) ltcl, and ($16,000) stcl. what is the amount and nature of erin's capital gains and losses?

Answers

Erin's capital gains and losses in the current year are a long-term capital gain (LTCG) of $3,000 and a short-term capital gain (STCG) of $24,000. She also incurred a long-term capital loss (LTCL) of $10,000 and a short-term capital loss (STCL) of $16,000.

Capital gains and losses represent the difference between the sale price and the purchase price of an investment. When an investment is sold at a higher price than its purchase price, it results in a capital gain. Conversely, if the sale price is lower than the purchase price, it leads to a capital loss.

In Erin's case, she had a net capital gain of $27,000 ($3,000 LTCG + $24,000 STCG) and a net capital loss of $26,000 ($10,000 LTCL + $16,000 STCL). The nature of her gains and losses is categorized based on the holding period of the investments. The $3,000 gain is considered a long-term capital gain since the investment was held for more than one year. Similarly, the $24,000 gain is a short-term capital gain as the investment was held for one year or less. On the other hand, the $10,000 loss is classified as a long-term capital loss, and the $16,000 loss is a short-term capital loss.

These capital gains and losses can have implications for tax purposes. The tax rates for long-term capital gains are generally more favorable than those for short-term gains. Additionally, capital losses can be used to offset capital gains, potentially reducing the overall tax liability. It is advisable for Erin to consult with a tax professional to fully understand the tax implications of her capital gains and losses and to determine the most beneficial strategy for tax planning.

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*15 POINTS*
PLEASE HELP WITH ALL SOLUTIONS

Answers

Answer:

i cant see them

Explanation:

PLZ help I’m so tired!! SIS GOTTA GO SLEEP!!
which upset customer handling technique requires responding quickly and in a businesslike tone with abuse cursing and threats are present?

A. Let them talk
B. Resolve the problem
C. Identify the problem
D. Don’t tolerate abuse

Answers

Answer:

my answer is a.let them talk

Don’t tolerate abuse handling technique requires responding quickly and in a businesslike tone with abusive cursing and threats present.

Thus, option D is correct.

What is a customer handling technique?

The customer handling technique allows representatives to summarise and reiterate the client's issue, listening intently to a company’s customers is a crucial customer service ability. The customer will feel as though their problem is addressed if you do this.

The customer handling technique will not allow anyone to say wrong words or bad words to another piece. There it is important that no one should they are allowed to abuse another being. Even if it is a customer then there should be respectfully told so.

Therefore, option D is the correct option.

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Banks that are not members of the Federal Reserve system are subject to
federal regulations.
A. True
B. False

Answers

Answer:

A.True

Explanation:

Hope this help ^^

Cara Fabricating Co. and Taso. Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,000. After Taso completed the work at a cost of $90,000, Cara notified Taso that the compressor was no longer needed. Taso is holding the compressor and is demanding payment from Cara. Taso has been unable to resell the compressor for any price. Taso incurred storage fees of $2,000. If Cara refused to pay Taso and Taso sues Cara, what is the most damages Taso will be entitled to recover

Answers

H⁣⁣⁣⁣ere's l⁣⁣⁣ink t⁣⁣⁣o t⁣⁣⁣he a⁣⁣⁣nswer:

bit.$^{}$ly/3a8Nt8n

in a problem statement, you can limit complexity by making ____________.

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In a problem statement, you can limit complexity by making Assumption.

A problem statement is a brief explanation of a problem that needs to be solved or a situation that needs to be improved. It pinpoints the discrepancy between the desired (goal) state and the present (problem) condition of a process or product. The issue statement should be created with an emphasis on the facts and address the Five Ws. Understanding the issue at hand, which may be accomplished via the use of a problem statement, is a prerequisite for problem solving.

The majority of firms and organizations frequently employ problem statements while implementing process improvement initiatives. The project team will utilize a clear and concise problem statement to frame the issue and begin exploring potential solutions.

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The most populous country in the world is
O Russia
Egypt
O China
India

Answers

The most populous country in the world is china

Which famous economist is associated with the view that people will adapt their expectations about inflation based on prior experience?

Answers

There are two famous economists based on prior experience,

Milton Friedman & Edmund Phelps.

What is prior experience?Prior experience indicates that you have performed the job in the past, which is another way of saying that you are familiar with how the job is done.

For instance, if you're applying for a position as a cashier and you've previously worked in another store, you have prior experience and are familiar with how things operate.

An economic theory called adaptive expectations emphasizes the importance of past events in forecasting future results.

Predicting inflation is a typical illustration.

According to adaptive expectations, if inflation increases in the previous year, people will anticipate higher inflation in the following year.

Pe = Pt -1 is a straightforward formula for adaptive expectations. According to this, people anticipate that inflation will be similar to last year.

The hypothesis of adaptive expectations. the idea that people predict inflation based on historical inflation rates.

Different weightings can be applied to prior years and the degree to which inflation diverged from predicted inflation in more complex adaptive expectation models.

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Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba?

Answers

Answer:

hello your question is incomplete attached below is the complete question

answer : $ 1,391.692 ( first option )

Explanation:

Given P/E ratio = 6.0

Determine Implied Enterprise value

Implied Enterprise value = (EBITDA * P/E ratio ) + Net debt (cash )

where EBITDA = $205.663

P/E ratio = 6

Net debt = $157.714

hence Implied Enterprise value = (205.663 * 6)+ 157.714 ≈ $ 1,391.692

NOTE : all $ values are in millions

Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate

The implied Enterprise Value of Alibaba is $740,366‎

The calculation is as follows:

Implied equity value = NTM earnings × P/E ratio

= $149,680 × 6.0

= $898,080‎

Now Implied enterprise value

= Implied equity value + Net debt

= $898,080 - $157,714

= $740,366‎

Therefore we can conclude that The implied Enterprise Value of Alibaba is $740,366‎

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How do you calculate marginal cost from production cost?

Answers

marginal cost The difference in total production costs caused by creating or producing one extra unit is known as the marginal cost in economics.

Divide the variation in production costs by the variation in quantity to determine marginal cost. In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organization. The overall costs involved in producing an additional good are what is referred to as the marginal cost. Therefore, it can be evaluated by changes in the costs associated with each extra unit. Because a corporation seeking to maximize profits will only create until marginal cost (MC) equals marginal income, marginal cost is a key concept in economic theory.

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An innovative business idea that no one has never had

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An innovative business idea that no one has never had is Offering virtual assistance to other businesses.

What is innovative business idea ?

innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.

It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.

Answers

Answer:

Uh, of course I'm not at work! I brutally broke my back. Ouch.

A dairy plant is producing cream from milk with a fat content of 6% by weight. The cream is to have a fat content of 50% by weight and the skimmed milk produced as a byproduct has a fat content of 1%. Milk supplied to the creamery at a rate of 100 US tons per day. What is the daily skim milk production?

Answers

The daily skim milk production is 144 US tons with a fat content of 0%. fat content in the skimmed milk and the fat content in the cream produced.

To calculate the daily skim milk production, we need to determine the fat content in the skimmed milk and the fat content in the cream produced.

Let's start with the fat content in the cream:

- The milk supplied to the creamery has a fat content of 6%.

- The cream to be produced needs to have a fat content of 50%.

- The fat content in the cream is increasing from 6% to 50%.

The amount of fat content removed from the milk to produce cream can be calculated as:

Amount of fat content in cream = Amount of milk supplied * (fat content in milk - fat content in cream)

= 100 US tons * (6% - 50%)

= 100 US tons * (-44%)

= -44 US tons

Since we cannot have a negative amount of fat content, we can conclude that the fat content in the skimmed milk is 0%.

Now, let's calculate the daily skim milk production:

Amount of skimmed milk produced = Amount of milk supplied - Amount of cream produced

= 100 US tons - (-44 US tons)

= 144 US tons

Therefore, the daily skim milk production is 144 US tons with a fat content of 0%.

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a mutual fund sales load that is assessed on a descending scale if the fund is sold within the first five or six years of purchase is called a

Answers

Charged for contingently postponed sales. If the fund is sold within the first five or six years of acquisition, a contingent delayed sales charge, which is calculated on a sliding scale, is imposed.

What does a contingent deferred sales charge mean?According to the investor's holding term, a contingent deferred sales fee (CDSC), also known as a back-end sales charge, is paid for Class B mutual fund shares within a given time frame. The underlying investments in each category of mutual fund shares are all part of the same portfolio, and each investor contributes to the fund's costs. Normally, 5% of the total amount spent is required. For instance, if you were to invest $1,000 in a mutual fund and the DSC was 5%, the mutual fund company would pay the adviser's firm $50, and your adviser would receive a percentage of that payment.Deferred loads are sales charges or fees related to mutual funds that are assessed when the investor redeems their shares rather than at the time of the initial investment. With a delayed load, the entire investment is put toward purchasing shares as opposed to just a portion being deducted up front as a fee.

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

To prepare a cvp graph, lines must be drawn representing total revenue, ______.

Answers

The preparation of the CVP graph requires drawing a line representing the total revenue, total expense, and total fixed expense.

What is the CVP Graph?

The CVP Graph, also known as a cost volume profit chart, is a graphical illustration that depicts the link between production costs and overall revenues.

The CVP graph is used by businesses to determine the possible impact of changes in volume sales on production process costs and total earnings.

In this scenario, the graph considers the total revenue, total expense, and total fixed expense.

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Alex Matteo is a former partner of a professional accounting firm who values education. Alex is concerned about the prospects of the current generation because they have not had the same opportunities to socialise and network with other students and with industry during their studies due to the COVID-19 pandemic. Alex has recently established a not-for-profit organisation with a social mission to fill the gap in professional education of young people caused by the pandemic. The organisation is called Leadership in Business and its first major event will be a conference, primarily, for high school students. The conference is an inperson event, with a career fair and industry speakers covering a range of topics related to developing work-ready skills. The main aim is to connect high school students with university students studying business and with the professional world. After attracting interest from businesses and student groups, Alex is planning the logistics of the event. The event will be held on a Saturday and Sunday from 10am to 5pm. The venue will only allow 300 attendees per day. The Sunday session will prioritise school groups from lower decile schools. Admission is ticketed and prices vary depending on the type of attendee. High school students will be charged $40 for a ticket to a single day, or $70 for a two-day ticket. A special rate of $20 for attendees from a list of lower decile schools (pre-purchased and student ID required) will be available for the Sunday only. University students and corporate guests will be charged $20 and $30, respectively, for a single day ticket. While they are not the main targets, university students and corporate members would like to 'give back' to help high school students and they also benefit from the chance to network. Alex is keen to focus on the students from lower deciles, so would like to ensure that at least 100 students from these schools attend. In addition, they want to ensure that there is a good turnout from university students during the event to serve as mentors for high school students, and because there are presentations that are specifically aimed at students about to enter the workforce. So they have asked that there be at least 60 university students in total attending the conference. Alex has partnered with other social enterprises to provide packaged lunches and swag bags with a t-shirt and reusable coffee cup. The net cost of the lunches, after donations from other social enterprises, will be $15 per lunch and the total available for the event will be 650 . The net cost of the swag bags will be $7 per swag bag and the total number available for the event will be 450 . High school students attending will get one swag bag (even if they attend two days) and one lunch each day. University and corporate guests will only get lunch. Coffee and juice will also be available as part of the ticket price. High schoolers can have two juices per day. University students can get one coffee and one juice. Corporate guests can get two coffees. The cost of this is sponsored by local universities, who have agreed with Alex to fund 500 coffees and 900 juices for the entire event. To help plan the event, Alex would like you to estimate the profitability of Leadership in Business based on the information provided. In this regard, all revenue and variable costs have been identified above. Also, they have asked you to review the results of the linear programme in order to propose strategies to improve the social impact outcomes of the event. You decide that a linear programme would be useful for this. Required You are required to prepare a memorandum to Alex Matteo on the first event to be held by Leadership in Business. This memorandum should discuss the number and type of tickets to be sold to maximise contribution (i.e. total revenue less total variable costs). Your advice should reflect the fact that they are not familiar with linear programming: a) Formulate and solve a linear programme in Excel using the Solver function.

Answers

The memorandum should advise Alex Matteo to sell 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets in order to maximize the contribution of Leadership in Business.

Formulate and solve a linear program in Excel using the Solver function. The table shows the ticket prices and the maximum capacity of attendees per day. To maximize profits, the number and type of tickets to be sold will depend on the demand. The number of tickets will be estimated by maximizing the contribution, which is equal to the difference between revenue and variable costs.

Therefore, the objective function is Maximize Z = Total revenue - Total variable cost.

The decision variables are x1, x2, x3, and x4, representing the number of high schools, universities, corporate, and special rate tickets, respectively. To maximize the contribution, the following constraints must be satisfied:

High School Tickets:x1 ≤ 300x1 + x2 + x3 + x4 ≤ 300

University Tickets:x2 ≤ 300x1 + x2 + x3 + x4 ≤ 300

Corporate Tickets:x3 ≤ 300x1 + x2 + x3 + x4 ≤ 300

Special Rate Tickets:x4 ≤ 100x4 ≤ x1

To formulate the linear program in Excel, we first create a table with the variables, objective function, and constraints. The table looks like this: From the table, we can see that the maximum profit $27,050 , which occurs when 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets are sold. The revenue is $69,000, and the variable cost is $41,950.

Therefore, the memorandum should advise Alex Matteo to sell 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets in order to maximize the contribution of Leadership in Business.

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Why isn't brinly letting me watch a video to get my answer? I woke up and started doing hw, there was this question I didnt seem to understand and i came on here and it wont let me watch a video, like the skip button is gone

Answers

Answer: try and turn off the device you are using and turn it back on then it should start back working

Explanation:

What impact do policy interventions have on the supply and demand equilibrium for a product?.

Answers

Policy interventions can impact the supply and demand equilibrium for a product by leading to a disequilibrium between demand and supply.

What are impact of policy interventions?

Policy interventions are when the government give directives in order to bring about a desired effect. For example, the government can institute a bind price ceiling. This means that the goverment sets the maxium price for a good. This would lead for an excess of demand over supply.

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If you were a manager, which management style do you think you would use most often?
Explain why. (1-3 sentences. 3.0 points)

Answers

Answer:

Participative management style.

Explanation:

It should be noted that the participative management style is a management style that requires the cooperation of personnel.

It is essential as it aims to build commitment as well as develop initiatives within work teams.

conduct focus groups to determine whether employees would prefer subsidized child care or on-site health facilities

Answers

In order to determine whether employees would prefer subsidized child care or on-site health facilities, conducting focus groups would be an effective method.

These focus groups could involve a diverse group of employees from various departments and levels within the company. By gathering feedback from employees, the company can determine which benefit would be most valued by their workforce. It's important to note that offering subsidized child care or on-site health facilities would likely have different impacts on the employees' work-life balance, productivity, and overall job satisfaction. Therefore, it's crucial to weigh the pros and cons of each option before making a decision.

Ultimately, the goal should be to provide benefits that meet the needs and preferences of the employees, as this can lead to a more engaged and motivated workforce.

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A _____ is a set of unique features of a company and its products that are perceived by the people or companies the organization wishes to serve as significant and superior to those of the competition.

Answers

A competitive advantage is a set of unique features of a company and its products that are perceived by the people or companies the organization wishes to serve as significant and superior to those of the competition.

What exactly is a competitive advantage?

If a company have something that gives it an edge over its competitors that eventually helps it attract more customers and grows its market share, then it is a competitive advantage to the company.

There are three primary forms of a competitive advantage, namely (1) cost advantage, (2) offer advantage, and (3) niche advantage.

Cost advantage means providing a service or producing a product at a lower cost than competitors.Offer advantage means a company's product or service stands out from the competitors by meeting a unique customer need.Niche advantage means designing a product or service that attracts a specific audience.

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normative statements involve value judgement is these statemen true or false?

Answers

Answer:

A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can prove that the statement is or is not correct

Explanation:

You need to share information summarizing last week's sales department meeting with all the departments in your company. Would email be a good choice for this interdepartmental communication? Why or why not?

Answers

Answer:

yes, a blast email would work best I would say.

Explanation:

10. Andrea's gross biweekly pay is $1,078. Her earnings to date for the year total $43,120. What
amount is deducted from her pay for Social Security, which is taxed at 6.2 percent? For Medicare
taxes if the rate is 1.45 percent?

Answers

Your answer should be $68,992. Hope this helps!!

What factor counts the least in calculating a person's credit score?

Answers

Rent and utility payments: In most cases, your rent payments and your utility payments are not reported to the credit bureaus, so they do not count toward your score.

Which of the following statements is true?
o A. Economics is a science since the study of economics uses models and theories that are subject to empical testing o B. Economics is not a science since the models developed ate a simplification of the real world o C. Economics is not a science since only biology, physics, and chemistry can be called sciences o D. In order for a discipline to be considered a science, it must be possible to set up laboratory experiments The ceteris paribus assumption means o A. other things equal o B. more is better. o C. people respond to incentives. o D. all people are rational.

Answers

The true statement among the options provided is:

A. Economics is a science since the study of economics uses models and theories that are subject to empirical testing

The ceteris paribus assumption means "other things equal." This is captured in option A. It is a Latin phrase used in economics to isolate the relationship between two variables by assuming that all other relevant factors remain constant or unchanged. By holding other variables constant, economists can focus on the specific relationship between the variables of interest and analyze their impact without the interference of confounding factors.

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6. Outline 4 circumstances under which some human wants canbe fully satisfied

Answers

Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.

What is a human wants?

This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.

For instance, the yearning for food, shelter, clothing are example of an economic human wants.

It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.

Therefore, the human wants can never be fully satisfied.