The Task of Deciding Which Consumer Gets Each of the Goods

question 38

Multiple Choice

The task of deciding which consumer gets each of the goods produced in a free-market economy is solved by

• A)the price system.
• B)the industries which produce the goods.
• C)the central planners.
• D)citizens with political power.

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Definitions:

Classical Theories

Early frameworks and principles in fields such as sociology, economics, and management that laid foundational concepts for their respective disciplines.

Double-Interact

An interaction concept where a person sends a message, receives feedback, and then adjusts their subsequent behavior based on that feedback, emphasizing the dynamic nature of communication.

Equivocality

The quality of being open to more than one interpretation; ambiguity especially in the context of organizational communication and decision-making.

Processes of Organizing

The series of actions and mechanisms put in place to arrange resources and activities logically and efficiently within an organization to achieve goals.