A Command System Is a

question 343

Multiple Choice

A command system is a

• A) method of organizing production that uses a market-like mechanism inside the firm.
• B) method of organizing production that uses a managerial hierarchy.
• C) set of rules that induce an agent to act in the best interest of a principal.
• D) method of production that implements an assembly-line process.

---

Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price points within a certain period.

Good

A tangible product or item that satisfies some human want or need and is often traded, sold, or bought in an economy.

Particular Good

A specific item or product that is distinguished by its unique characteristics, making it distinguishable from other goods.

Gas Lines

refer to queues of vehicles waiting to fill up fuel at gas stations, often observed during periods of fuel shortages.