Markets Coordinate in a Way That Links Buyers and Sellers

question 62

Multiple Choice

Markets coordinate in a way that links buyers and sellers whorely primarily on:

• A)voluntary cooperation and undirected actions.(True Answer )Correct
• B)management direction of economic actions.
• C)governmental policies to direct the economic actions.
• D)the benevolence and good will of the market participants.

---

Definitions:

Financial Information

Data relating to the financial status, performance, and changes in financial position of an entity.

Revenues

The cumulative income derived from transactions involving goods or services tied to the main business functions.

Expenses

Costs incurred by a business in the process of earning revenue, which are not directly tied to the production of goods or services.

Accounting Standard-Setting Body

An organization that establishes benchmarks or rules for preparing and presenting financial statements and other related accounting practices.