Property Rights Allowing Individuals to Own Goods, Services, and Factors

question 12

Multiple Choice

Property rights allowing individuals to own goods, services, and factors of production are most important in:

• A) socialistic economies.
• B) planned economies.
• C) capitalistic economies.
• D) command economies.

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Definitions:

Cash Management

The process of collecting, managing, and investing a company’s cash and cash equivalents.

Appropriate Level

A suitable or optimal degree or magnitude for a particular situation or parameter, often used in finance and operations.

Cash On Hand

Funds that a company or individual has available in cash form, not invested or deposited in financial institutions.

Zero-balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in amounts only large enough to cover checks presented.