What is the difference between a shortage and scarcity? a. a shortage will exist when a good is scarce. b. scarcity will always exist because choices must be made, but a shortage will only exist if the price is kept below the equilibrium level. c. scarcity is a result of two or more alternative uses and will always exist, and quantities of supply and demand adjusting to flexible prices will create shortages. d. there is no distinction between the two. they are the same thing?

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

Usually, government officials make the decisions on the best ways to spend public money true or false

The zip right in convenience store recently upgraded its stores with new paint and lighting. the customer checkout system, however, was still slow and inefficient. what is the most likely consequence of this situation?