In the Former Soviet Economy, the Supreme Planning Board That

question 10

Multiple Choice

In the former Soviet economy, the supreme planning board that transmitted economic decisions down to producing and consuming units was called the:

• A) Soviet Ministry.
• B) Polit Bureau.
• C) Gosplan.
• D) Soviet Central Committee for Economic Planning.

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Definitions:

Unrealized Gains

Profits that have been made on paper through investments but have not yet been realized through the sale of those assets.

Common Stock

A type of ownership in a corporation, typically with voting rights and participation in dividends.

Retained Earnings

The portion of a company's profits that is kept or retained rather than distributed to shareholders or used for investment.

Other Revenues and Gains

Accounts that record income from activities that are not part of a business's core operations.