Which of the Following Statements Is True About a Command

question 104

Multiple Choice

Which of the following statements is true about a command economy?

• A) Shortages occur because of complexities in the planning process.
• B) Planners determine what, how many, and for whom goods and services are to be produced.
• C) Planners often allocate goods and services through a rationing system.
• D) The quality of produced goods and services tends to be inferior.
• E) All of the above are true.

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Definitions:

Process Approach

A methodology that emphasizes the importance of understanding and improving procedures and workflows to achieve desired outcomes.

Adaptive Challenges

Difficulties or problems that require new learning, innovation, and change in behavior or approach to be effectively addressed.

Follower Centered

An approach that emphasizes the importance of followers in the leadership process, focusing on their needs, empowerment, and development.

Disciplined Attention

The focused and consistent effort to concentrate on priority tasks or objectives, often in face of distractions.