A System Which Is Characterized by the Public Ownership of Resources

question 106

Multiple Choice

A system which is characterized by the public ownership of resources and centralized planning is known as a _____

• A) traditional system.
• B) transitional system.
• C) pure command system.
• D) mixed system.
• E) pure capitalist system.

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Definitions:

Small Model

A simplified or miniature representation, often physical or mathematical, used to simulate, study, or teach about a larger or more complex system or phenomenon.

Adaptive Decision Making

A process of making choices by altering decisions based on new information or changing environments.

SDLC

Stands for Software Development Life Cycle, a process framework used to develop software in a systematic and cost-effective way, encompassing phases from initial planning to maintenance.

Development

The process of planning, creating, testing, and deploying an application or software, which can also refer to personal, economic, or social progress.