Which Statement Is False

question 54

Multiple Choice

Which statement is false?

• A)Under Soviet communism,government planning was substituted for the price mechanism.
• B)The entire Soviet economy was a Rube Goldberg contraption of subsidies,fixed prices,bureaucratic rules and regulations,special privilege,and outright corruption.
• C)Had Mikhail Gorbachev not begun dismantling the communist bureaucracy,the Soviet system probably would have been able to continue carrying on business as usual for another century.
• D)None of the statements are false.

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Definitions:

Continuous Budgets

Budgets that are continuously updated by adding a new budget period as the last one is completed, thus always having a full period's financial plan.

Communicating Objectives

The process of clearly and effectively sharing goals and targets with relevant stakeholders or team members.

Ending Inventory

The total value of all inventory still available for sale at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting the cost of goods sold.

Ethical Budgeting

The practice of creating budgets that reflect moral principles and considerations, ensuring resources are allocated in a fair and responsible manner.