Question : Economizing of resources refers to ___________________

Option 1: making optimum use of available resources

Option 2: making non-optimum use of available resources

Option 3: making umlimted wants

Option 4: None of the above

Question : Scarcity and ______ go together.

Option 1: Choice

Option 2: Available resources

Option 3: Non-renewable resources

Option 4: All of the above

Question : Which of the following is importance of organizing?

Option 1: Developing discipline

Option 2: Developing leadership

Option 3: Optimum utilization of resources.

Option 4: All of the above.

Question : Economics is all about making choices in the presence of ________.

Option 1: Scarcity

Option 2: Unlimited resources

Option 3: Limited resources

Option 4: All of the above

Question : This step of planning process is the real point of decision making. Identify the step?

Option 1: Identifying the alternative course of action 

Option 2: Evaluating the alternative courses of action 

Option 3: Selecting the alternative

Option 4: None of the above