If Products Were in Short or Surplus Supply in the Soviet

question 95

Multiple Choice

If products were in short or surplus supply in the Soviet Union,

• A) price and profit signals eliminated those shortages and surpluses.
• B) price and profit signals intensified those shortages and surpluses.
• C) producers would not react because no price or profit signals occurred.
• D) the planners would immediately adjust production to achieve equilibrium.

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Definitions:

Project Risk

Potential problems that could endanger the success of a project, including uncertainties and potential negative events.

Organizational Risk

Refers to the potential for losses or other adverse outcomes that an organization may face due to various internal and external factors.

Strategic Risk

Involves risks that affect the long-term goals, direction, and overall strategy of an organization.

Contractual Risks

The potential for losses or liabilities arising from the terms and conditions of a contract, including breaches, misinterpretations, and the failure of parties to fulfill their obligations.