Markets Are the Only Means Through Which Decisions Are Made

question 54

True/False

Markets are the only means through which decisions are made to hire people,use land,etc.

---

Definitions:

Formal Accounting Entry

A documented record in accounting that notes all the details of a financial transaction within an organization’s financial system.

Bylaws

The set of rules or guidelines that govern the internal management and regulations of an organization or corporation.

Charter

A legal document establishing a corporation or other organization, outlining its structure, purpose, and regulations.

Capital Needs

The financial requirements a company has for carrying out its operations and investments, including the purchasing of assets and funding of projects.