Which of the Following Is Not a Basic Question That

question 91

Multiple Choice

Which of the following is not a basic question that each economy must answer?

• A) Which resources are scarce?
• B) For whom shall the goods be produced?
• C) How shall goods be produced?
• D) What goods shall be produced?

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or other activity levels, allowing more accurate comparisons to actual spending.

Budget Coordination

The process of ensuring all parts of an organization's budget align with its strategic and operational goals.

Large Company

A corporation that typically has a high level of capitalization, extensive operations, a large number of employees, and generates a significant amount of revenue.

Sales Forecast

An estimate of the quantity of goods or services that will be sold in a future period.