In a Command Economy, ________ Establish(es) What Will Be Produced

question 31

Multiple Choice

In a command economy, ________ establish(es) what will be produced and when, set(s) production goals, and make(s) rules for distribution.

• A) individuals and households
• B) only privately owned firms
• C) a centralized authority
• D) individuals, households and privately owned firms

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Definitions:

Operating Assets

Assets used by a company in its day-to-day operations to generate revenue, including cash, inventory, and equipment.

Turnover

In business, the total volume of sales or revenue made within a specified period. It can also refer to the rate at which employees leave a workforce and are replaced.

Operating Assets

Resources owned by a business that are used in its day-to-day operations to generate revenues, including both physical and intangible assets.

Return On Investment (ROI)

A measure of the profitability of an investment, calculated as the net profit from the investment divided by the cost of the investment.