Which of the Following Is Concerned with the Distribution Part

question 155

Multiple Choice

Which of the following is concerned with the distribution part of resource allocation?

• A)An economy decides to produce equal quantities wheat, rice, and clothes.
• B)An economy decides to use 25% of the available capital for producing clothes.
• C)An economy decides to ration 40% of its output to low income groups.
• D)An economy decides to use more labor for producing wheat and rice.

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Definitions:

Just-In-Time Manufacturing

A production strategy that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed in the production process.

Inventory

Goods or materials a business holds for the purpose of resale.

Order

A request to purchase, sell, or supply goods or services.

Total Variable Costs

The cumulative amount of variable expenses incurred in the production of goods or services.