What Is the Difference Between Command-And-Control Policies and Market-Based Policies

question 147

Multiple Choice

What is the difference between command-and-control policies and market-based policies toward externalities?

• A)Command-and-control policies provide incentives for private decisionmakers to solve the problems on their own, whereas market-based policies regulate behavior directly.
• B)Command-and-control policies rely on taxes, whereas market-based policies rely on quotas.
• C)Command-and-control policies regulate behavior directly, whereas market-based policies provide incentives for private decisionmakers to change their behavior.
• D)Command-and-control policies are efficient, whereas market-based policies are inefficient.

Calculate direct materials used in production.

Determine the cost of goods manufactured and sold.

Understand the role of direct and indirect costs in production.

Explore the financial and managerial accounting principles.

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Definitions:

Credit Card Expense

Expenses incurred by using a credit card, typically involving interest charges and other fees.

Administrative Expense

Costs related to the general operation and administration of a business, including salaries of executive staff, office supplies, and utilities, but not directly tied to production or sales.

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.

Maturity Date

The date on which a financial obligation is due to be paid, such as the final payment date of a loan or bond.