The Concept of Who Gets to Control Resources,make Decisions and Allocate

question 23

Multiple Choice

The concept of who gets to control resources,make decisions and allocate profits is known as:

• A)Matrix Management Outcome (MMO)
• B)The Property Rights Theory (PRT)
• C)Complete Contract Theory (CCT)
• D)Total Production Model (TPM)
• E)Resource Allocation Theory (RAT)

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Definitions:

Great Compromise

An agreement made during the Constitutional Convention of 1787 that in part established a two-house legislature, combining elements of both proportional and equal representation.

Republic Ideology

The political doctrine that supports a form of government where representatives are elected by the people, and there is an emphasis on the rule of law.

American Revolutionaries

Refers to the colonists of the Thirteen American Colonies who rebelled against British control during the late 18th century, leading to the American Revolutionary War.

French and Indian War

The North American conflict (1754-1763) between British and French forces, including their respective Native American allies, part of a larger series of conflicts known as the Seven Years' War.