Neomercantilism Includes All but One of the Following Principles

question 22

Multiple Choice

Neomercantilism includes all but one of the following principles. Which is not correct?

• A)Focus on state goals
• B)Concern with the distribution of the gains from trade
• C)Focus on the benefits of trade
• D)Emphasis on the conflictual nature of trade

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Definitions:

Directing

The process by which managers, given their assigned level of responsibilities, run day-to-day operations.

Controlling

In management, it refers to the process of setting standards, measuring actual performance, and taking corrective action to ensure the achievement of an organization's objectives.

Budgeted Goals

Objectives set during the budgeting process that financial and operational plans aim to achieve within a specific time frame.

Cash Budget

A cash budget is a financial plan that estimates the cash inflows and outflows over a specific period, helping businesses manage their liquidity and financial stability.