Which of the Following Is True

question 87

Multiple Choice

Which of the following is true?

• A)When resources are allocated on the basis of personal characteristics,all people who are willing and able to pay the price get the resource.
• B)When the range of activities to be monitored is large and complex,a command system allocates resources better than a market price.
• C)When a market price allocates resources,some people who are willing and able to pay that price don't get the resource.
• D)Force provides the state with an effective method of transferring wealth from the rich to the poor.
• E)When resources are allocated by force,people with the "right" characteristics get the resources.

Know the number of target points or areas needed for flat surface primary datums.

Acknowledge the impact of datum target placement on measurement accuracy.

Recognize the proportional size relationship between the datum-target symbol and the drawing lettering.

Understand the factors leading to the termination of an agency relationship by the act of the parties.

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Definitions:

Mature Products

Products that have reached the end of their growth phase in the product life cycle, characterized by stable sales and minimal innovation.

Stable Demand

A market condition where the desire for a product or service remains consistent over a period of time, unaffected by short-term fluctuations.

Collaborative Forecasting

A process where multiple stakeholders, often from different levels of the supply chain, work together to predict future demand or trends.

Forecast Error

The difference between the actual outcome and the predicted outcome, often used in the context of demand forecasting in supply chain and finance.