Which of the Following Is a Characteristic of Capitalism

question 14

Multiple Choice

Which of the following is a characteristic of capitalism?

• A) Government ownership of all capital.
• B) Government decision-making is preferred to decentralized decision-making.
• C) Market determination of prices and quantity.
• D) Equality of income.

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Definitions:

Director

A member of the board of directors of a company who is responsible for participating in the decision-making processes regarding the company's management.

Officer Of The Corporation

A high-level management official within a corporation, usually appointed by the board of directors, responsible for day-to-day operations and implementing corporate policies.

Shareholder's Loan

Money lent to a corporation by its shareholders, which is sometimes considered a part of the equity of the business.

Annual Returns

Financial documents that corporations must file yearly, detailing their operational performance, financial status, and other critical information.