Which of the Following Economic Systems Answers the Basic Economic

question 70

Multiple Choice

Which of the following economic systems answers the basic economic questions by copying the previous generation?

• A) Traditional economy.
• B) Command economy.
• C) Market economy.
• D) Capitalism.

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Definitions:

Direct Method

A way of preparing the cash flow statement in which actual cash flow information from the company's operations segment is used, rather than being derived from the income statement.

Operating Activities

Activities that constitute the primary or main activities of an organization, such as selling products or services.

Data Accumulation

The process of collecting, organizing, and storing data for analysis and decision-making purposes.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and investments not considered cash equivalents.