Which of the Following Is a Characteristic of Capitalism

question 37

Multiple Choice

Which of the following is a characteristic of capitalism?

• A) government ownership of all capital
• B) government decision-making is preferred to decentralized decision-making
• C) market determination of prices and quantity
• D) equality of income

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Definitions:

Performance Risk

Involves the perceived danger inherent in a poorly performing product or service.

Internal Locus of Control

The belief that one's own actions and behaviors are major determinants of life events and outcomes, rather than external forces or chance.

External Locus of Control

The belief that one's successes or failures result from external forces beyond personal control.

Performance Risk

The risk that a product or service will not perform to satisfactory standards, potentially leading to customer dissatisfaction or financial loss.