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.

Understand the concept of repositioning and its relevance in marketing.

Understand the stages of adjustment to dying and how individuals uniquely cope with terminal illness.

Identify and describe various parenting styles and their impact on child development.

Comprehend the multi-dimensionality of parenting in terms of control and responsiveness.

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Definitions:

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Manufacturing Margin

The difference between the sales revenue of manufactured goods and the direct costs associated with producing them.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, used to cover fixed costs and generate profit.

Absorption Costing

A costing technique that incorporates all costs associated with production, including both fixed and variable expenses, into the product's price.