Which of the Following Statements About Resource Allocation Is Correct

question 102

Multiple Choice

Which of the following statements about resource allocation is correct?

• A)Within a firm, resources are allocated by prices; in the market, resources are allocated by the decisions of managers.
• B)Resources are allocated by prices both in the market and within the firm.
• C)Within a firm, resources are allocated by the decisions of managers; in the market, resources are allocated by prices.
• D)Resources are allocated by the decisions of managers both within the firm and in the market.
• E)In the market, resources are allocated either by prices or by the decisions of managers.

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Definitions:

Defense Attorneys

Legal professionals who represent and advocate on behalf of individuals accused of crimes.

Legal and Ethical Rules

Guidelines and principles that govern conduct within professional practices, distinguishing right from wrong.

Prosecutors

Legal professionals who conduct the prosecution of criminal defendants on behalf of the government, aiming to prove the guilt of the defendant.

Discretion

The freedom to decide what should be done in a particular situation.