Who Makes Decisions About How to Allocate Resources

question 149

Multiple Choice

Who makes decisions about how to allocate resources?

• A) Individuals
• B) Businesses
• C) Governments
• D) All of these make decisions about resource allocation.

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Definitions:

Sustainable Business Activity

An approach to conducting business that prioritizes environmental conservation, social responsibility, and economic performance.

Crop Rotation

An agricultural technique where different types of crops are planted in the same area in sequenced seasons to improve soil health and reduce pest and disease risk.

Factory Overhead

All indirect costs involved in manufacturing beyond direct materials and direct labor.

Indirect Labor

Labor costs not directly tied to the production of goods or services, such as maintenance, supervision, and administrative staff salaries.