Private Ownership of Nearly All of a Nation's Land,labor,capital,and Entrepreneurial

question 165

Multiple Choice

Private ownership of nearly all of a nation's land,labor,capital,and entrepreneurial ability is common to

• A)communism.
• B)fascism.
• C)socialism.
• D)None of these choices are true.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level of a company.

Patient-visits

A measure used in healthcare to quantify the number of times patients seek medical services or consultations.

Revenue

The entire sum of money earned from selling goods or services that are central to a company's main business activities.

Flexible Budget

A budget designed to vary in response to different levels of volume or activity.