Under a Pure Price System, the Decision of Resource Allocation

question 62

Multiple Choice

Under a pure price system, the decision of resource allocation is made by

• A)the head of the government.
• B)a queen or king.
• C)individuals who own the resources.
• D)no one.

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Definitions:

Disclosure

Disclosure involves the act of making new or important information known, especially about the financial or operational state of a company.

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Current Ratio

A financial ratio that indicates how well a company can cover its short-term liabilities with its present assets.

Current Liabilities

Short-term financial obligations that are due within one year or within the company's operating cycle, whichever is longer.