The Condition in an Economy That Makes a "Rationing Device

question 139

Multiple Choice

The condition in an economy that makes a "rationing device" a necessity is:

• A) the economy is organized around free markets.
• B) the economy is centrally planned by the government.
• C) scarcity exists.
• D) there are fewer types of goods than there are people in the economy.

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Definitions:

Management Orientation/Socialisation

The process by which individuals learn about and adapt to an organization's culture, values, policies, and expectations to effectively integrate into their professional roles.

Executive Coaching

A personalized development process for executives and leaders aimed at enhancing their performance and leadership skills through guided coaching and mentoring.

Knowledge And Skills

The theoretical understanding and practical abilities that individuals possess, relevant to performing tasks or jobs.

Socialisation

Systematically changes the expectations, behaviour and attitudes of new employees.