From Society's Point of View, the Economic Function of Profits

question 159

Multiple Choice

From society's point of view, the economic function of profits and losses is to

• A)promote the equal distribution of real assets and wealth.
• B)achieve full employment and price level stability.
• C)contribute to a more equal distribution of income.
• D)reallocate resources from less-desired to more-desired uses.Topic: Five Fundamental Questions

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Definitions:

Executives Meeting

A gathering of an organization's top leadership to discuss strategic plans, performance, and key business decisions.

Base Salary

The initial rate of compensation given to an employee, excluding any extra benefits, bonuses, or overtime.

Tax Equalization Allowance

An employer-provided compensation designed to equalize the tax burden for employees working internationally, ensuring they do not pay more tax than they would at home.

Economic Systems

Refer to the methods and principles by which communities and countries organize the production, distribution, and consumption of goods and services.