From Society's Point of View, the Economic Function of Profits

question 232

Multiple Choice

From society's point of view, the economic function of profits and losses is to

• A) promote the equal distribution of real assets and wealth.
• B) achieve full employment and price level stability.
• C) contribute to a more equal distribution of income.
• D) reallocate resources from less-desired to more-desired uses.

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Definitions:

Inventory Status

This term describes the current state or levels of stock and inventory items within a business, indicating availability for sale or production use.

Specified Threshold

A predetermined level or point at which an action is triggered or a condition changes, often used in decision-making processes.

Supply Chain Manager

A professional responsible for overseeing and managing a company's supply chain and logistics strategy and operations.

Safety Inventory

Extra inventory held by a company to prevent stockouts caused by uncertainties in demand or supply, ensuring product availability.