Which of the Following Is One of the Most Important

question 137

Multiple Choice

Which of the following is one of the most important functions of law in any society?

• A) To provide health care for everyone
• B) To provide stability, predictability, and continuity so that people can arrange their affairs
• C) To make sure the upper class is not displaced
• D) To ensure taxes are adequate to support public works

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Definitions:

MRPs

Material Requirements Planning, a production planning, scheduling, and inventory control system used to manage manufacturing processes.

Least-costly Combination

An optimal mix of inputs that minimizes the cost of production while achieving a desired level of output.

Marginal Productivity Theory

An economic theory proposing that labor and other input costs are based on the marginal contribution of each input to the production process.

Income Distribution

The way in which total income is shared among individuals or groups in an economy.