Unlike Market-Based Systems, Command-Based Systems

question 14

Multiple Choice

Unlike market-based systems, command-based systems:

• A) give individuals the right to generate personal wealth from their capital.
• B) encourage businesses to determine how much they privately consume and invest in the economy.
• C) value the individual above the collective.
• D) allocate investment, production, and consumption based on a central plan.

---

Definitions:

Data Mining

The process of analyzing large datasets to uncover patterns, correlations, and trends that can inform decision-making.

Cross Tabulation

A method of presenting and analyzing data involving two or more variables to discover relationships in the data. Also known as cross tab.

Environmental Scan

The process of systematically analyzing external opportunities and threats that could affect the organization's success.

Predictive Information Extraction

The use of algorithms and models to analyze historical data in order to make predictions about future trends, behaviors, or outcomes.