The Assignment of Inputs to Specific Industries by Central Planners

question 106

Multiple Choice

The assignment of inputs to specific industries by central planners is made difficult by

• A)the interdependency among industries.
• B)lack of data for decision making.
• C)the danger of a chain reaction among industries if an error is made at any point.
• D)All of the above are correct.

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Definitions:

Freight

The charge paid for transport of goods, typically either by land, sea, or air.

FOB Destination

A shipping term indicating that the sale is considered complete and the goods owned by the buyer upon arrival at the buyer's location.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, typically due to a return or refund.

Debit Delivery Expense

An accounting entry that increases the expense account related to the cost incurred for delivering goods or services.