The "Invisible Hand" Concept Refers to the

question 50

Multiple Choice

The "invisible hand" concept refers to the

• A) guiding function of prices in a market system.
• B) implicit influence that the government has on the actions of firms.
• C) regulatory structure that markets must operate in.
• D) underlying money flows that promote the trading of goods and services.

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Definitions:

Total Liabilities

The cumulative amount of all debts and financial obligations a company owes to outside parties.

Accounts Receivable

Receivables from clients to a corporation for merchandise or services that have been supplied but remain unpaid.

Merchandise Inventory

Merchandise inventory represents the goods a company has in stock that are ready to be sold in the normal course of business.

Accounts Payable

Accounts payable are liabilities representing the amounts that a company owes to creditors for purchases or services rendered that have not yet been paid.