Which of the Following Functions Involves Activities Designed to Provide

question 77

Multiple Choice

Which of the following functions involves activities designed to provide goods and services that fulfill needs and desires of consumers?

• A) Accounting
• B) Engineering
• C) Finance
• D) Production
• E) Marketing

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Definitions:

Food Shortages

A situation in which the supply of food is insufficient to meet the demand, often resulting in hunger, malnutrition, and increased food prices.

War Communism

An economic and political system that was implemented by the Bolsheviks during the Russian Civil War, characterized by the nationalization of industry and the forced requisition of agricultural produce.

State Ownership

The scenario where assets, enterprises, or properties are owned and controlled by the government rather than private entities.

Economic Policies

Strategies and decisions made by a government concerning the economic management of the country, including taxation, government spending, and interest rates.