Which of the Following Is TRUE

question 89

Multiple Choice

Which of the following is TRUE?

• A) When a market price allocates resources, all people who are willing and able to pay that price get the resource.
• B) A command system works well when the range of activities to be monitored is large and complex.
• C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by market prices.
• D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a lottery.

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Definitions:

International Integrated Reporting Committee

An organization that champions the evolution of corporate reporting to articulate value creation over time, integrating financial and non-financial aspects.

GRI

The Global Reporting Initiative, a leading organization that provides a comprehensive sustainability reporting framework used worldwide.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Environmental

Pertains to the natural world or the ecological and physical conditions in which an organization operates.