Communism Is an Economic System in Which

question 116

Multiple Choice

Communism is an economic system in which

• A) the government and private citizens own equal shares of the economic resources.
• B) almost all of the productive resources are owned by private businesses.
• C) the government makes almost all of the major economic decisions.
• D) individual consumers make all economic decisions.

---

Definitions:

Productivity Improvements

Refers to measures or initiatives implemented to increase the efficiency and effectiveness of a process or operation, enhancing the output relative to input.

Explicit Financial Indicator

A clear and direct measure or metric used to assess the financial performance of an organization, such as revenue, profit, or return on investment.

Return on Investment

A financial metric that calculates the profitability of an investment relative to its cost.

General Labor Cost

The total expense that a company incurs for the salaries, wages, benefits, and other compensation for its workforce not assigned to specific tasks or projects.