Which of the Following Is the Most Accurate Characterization of the Japanese

question 294

Multiple Choice

Which of the following is the most accurate characterization of the Japanese model of government-guided free market economy that served it so successfully in the decades following World War II?

• A) A small, flexible bureaucracy provides enforcement of regulations and collects taxes, leaving the free market to operate without interference.
• B) A powerful bureaucracy determines production levels and resource commitments to domestic industries, which are all state-owned.
• C) A strong bureaucracy provides financial assistance, advice, and protection from foreign competition to domestic industrial enterprises.
• D) A small bureaucracy maintains a high level of economic efficiency by ensuring multiple domestic and foreign competitors.

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Definitions:

Cash Budget

A forecast of cash inflows and outflows over a certain period, used to manage the company's cash balance and ensure liquidity.

Sales Clerk

An employee who handles the exchange of goods for payment, typically in a retail setting, assisting customers in finding products and completing purchases.

Daily Sales

The total revenue generated from goods or services sold by a company during a single day.

Static Budget

A fixed budget that does not change with actual activity levels, designed for planning purposes.