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At Friendly Financial Consulting, employees are allowed to choose what time they start each work day, as long as they arrive between the hours of 7:00 a.m. and 10:00 a.m. They must be on the job from 10:00 a.m. until noon and from 1:00 p.m. until 3:00 p.m. They are required to work a total of 8 hours each day, so the earlier they arrive, the earlier they can leave. This is a ___________ system.
Price Ceiling
A maximum price that sellers may charge for a good, usually set by government.
Government Setting
The environment and conditions created by governmental policies, laws, and regulations.
Price Of Pencils
The amount of money required to purchase a pencil, determined by factors such as production costs, demand, and supply.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make necessary goods unaffordable.
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