________ Is a One-Time Plan Specifically Designed to Meet the Needs

question 81

Multiple Choice

________ is a one-time plan specifically designed to meet the needs of a unique situation.

• A) A strategic plan
• B) A single-use plan
• C) A multipurpose plan
• D) An operational plan

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Definitions:

Command Economy

An economic system where the government makes all decisions regarding what goods should be produced, how they should be produced, and who gets them.

Inefficiency

A lack of efficiency, where resources are not utilized in the best possible manner, often leading to waste or lost opportunities.

Highest-valued Uses

Refers to the allocation of resources where they can generate the highest possible value or benefit, optimizing economic efficiency.

Economic Question

A query or issue that pertains to the production, distribution, and consumption of goods and services.