One of the Most Important Determinants of the Success of Free-Market

question 246

Multiple Choice

One of the most important determinants of the success of free-market capitalism is

• A)enlightened governments selecting firms that should not be allowed to exit a market.
• B)free entry and exit in markets.
• C)government regulation of market participants.
• D)having a few large firms rather than thousands of small ones.

---

Definitions:

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell it, and receive cash from the sale.

Time Horizons

The length of time over which an organization or individual projects, plans, or expects to achieve its goals.

HR Forecasting

The process used in human resources planning to predict an organization’s future need for employees based on its business goals and strategies.

Attrition

The process of reducing an HR surplus by allowing the size of the workforce to decline naturally because of the normal pattern of losses associated with retirements, deaths, and voluntary turnover.