Which of the Following Statements Is Correct

question 201

Multiple Choice

Which of the following statements is correct?

• A) Command systems are used only in the military.
• B) An incentive system is a method of organizing production that uses a market-like mechanism inside the firm.
• C) Selling organizations usually don't use incentive systems.
• D) A production line is a good example of how an incentive system works.

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Definitions:

Ownership Transfer

The process by which the legal rights and responsibilities of an asset are passed from one person or entity to another.

Heritage Property

Property designated due to its historical, cultural, or architectural significance, often protected by law.

Modifications Impossible

Refers to a situation or condition where changes, amendments, or alterations are not feasible.

Legal Issues

Specific disputes or matters that arise under the law and require legal interpretation or intervention.