Which of the Following Is True of Private Ownership

question 209

Multiple Choice

Which of the following is true of private ownership?

• A) Private ownership links responsibility with the right of control.
• B) Private owners have little incentive to conserve natural resources for the future.
• C) Private owners have little incentive to develop and use their assets in ways others value.
• D) Private owners can do anything they want with the things they own regardless of the damage it does to the property of others.

---

Definitions:

Decorative Sculptures

Art pieces designed primarily for aesthetic appeal and ornamental purposes, rather than functional use.

Routing

Phase of production control that determines the sequence of work throughout the facility and specifies who will perform each aspect of production at what location.

Production Control

The process of planning, coordinating, and controlling the manufacturing or production process in an organization.

Gantt Chart

A visual project management tool that outlines a project schedule, showing the start and finish dates of various elements.