Which of the Following Is an Element of a Centrally

question 3

Multiple Choice

Which of the following is an element of a centrally planned economy?

• A) production decisions are centralised.
• B) The market decides what will be consumed.
• C) The market decides the distribution of income.
• D) The market decides what will be produced.

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Definitions:

Cash Flow Statement

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and other investments not considered as cash equivalents by a company.

Net Book Value

The current book value of an asset or company after accounting for depreciation or amortization.

Cash Flow

The net amount of cash being transferred in and out of a business, representing the company's operational, investing, and financing activities.