Which of the Following Is True

question 39

Multiple Choice

Which of the following is true?

• A) When a market price allocates resources, all people who are willing and able to pay that price get the resource.
• B) A command system works well when the range of activities to be monitored is large and complex.
• C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by market prices.
• D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a lottery.

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Definitions:

Thumbs-up

A hand gesture used to express approval, satisfaction, or that everything is okay, often also used in digital communications to signify agreement.

Cultures

The collective norms, values, beliefs, and practices of a group of people, which shape their behavior and perspectives.

Body Language

Non-verbal forms of communication, including gestures, postures, and facial expressions, used to convey emotions and intentions.

Face-to-face Communication

Direct interaction between two or more people, allowing for immediate feedback and the utilization of verbal and non-verbal cues.