Which of the Following Is TRUE

question 398

Multiple Choice

Which of the following is TRUE?

• A) When a market price allocates resources, everyone who is able to pay the price gets the resource.
• B) A command system works well when the lines of authority and responsibility are clear.
• C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by command.
• D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a market price.

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Definitions:

Research Results

The findings or outcomes derived from systematic investigation aimed at discovering new knowledge or understanding.

Taking Notes

The act of writing down important information from a verbal instruction, lecture, or reading material for future reference.

Long-term Storage

The process and capability of retaining information in the brain or a digital device for extended periods of time.

Acoustic Encoding

A cognitive process where memory is encoded based on the sound of the information.