Which of the Following Is Not a Function of Prices

question 82

Multiple Choice

Which of the following is not a function of prices in a market system?

• A)Prices have the crucial job of balancing supply and demand.
• B)Prices send signals to buyers and sellers to help them make rational economic decisions.
• C)Prices coordinate economic activity.
• D)Prices ensure an equal distribution of goods and services among consumers.

---

Definitions:

ASPE

Accounting Standards for Private Enterprises; a set of accounting practices, frameworks, and guidelines designed specifically for private companies in Canada.

Merchandise Return

Merchandise Return is the process by which a customer returns previously purchased goods back to the seller, typically due to issues like defects or dissatisfaction.

Discount Period

The timeframe in which a buyer can take advantage of a discount for early payment on money owed.

Cost of Goods Purchased

The total expense incurred in buying goods for sale, including any additional costs necessary to get them into a saleable state.