Criteria for Rationing Goods and Resources Must Be Established Because

question 16

Multiple Choice

Criteria for rationing goods and resources must be established because of

• A) scarcity.
• B) the use of capitalism as the method of economic organization.
• C) the inability of politicians to develop efficient forms of economic organization.
• D) shortages resulting from government inefficiency.

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Definitions:

Direct Method

A method of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Operating Activities

Activities that relate directly to the business's primary operations and functions, including sales, distribution, and production, influencing the day-to-day profitability.

Cash Receipts

The collection of money, including cash and checks, received by a business during a specific period.

Plant Assets

Long-term tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.