Which of the Following Statements Is Not True for a Command

question 99

Multiple Choice

Which of the following statements is not true for a command economy?

• A) Consumers have some choices concerning what they buy.
• B) The government decides what is produced.
• C) The amount of a good supplied always equals the amount of the good demanded.
• D) The state decides how to distribute what is produced.

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Definitions:

Gainsharing Plans

Incentive programs that share financial gains with employees based on productivity improvements or cost savings.

Effort-to-performance Expectancy

The belief that one's effort will lead to successful performance in tasks or achieving goals, often influencing motivation and productivity.

E-to-P Expectancy

The belief that one's effort will lead to the desired level of performance.

Skill-based Pay

A compensation system where employees are paid based on their skills, knowledge, or certifications rather than their job title or position.