Refer to the Above Figure

question 68

Multiple Choice

Refer to the above figure.If box A represents businesses and box B represents the resource market in this circular flow model,then the real flow of goods,services,and economic resources would be represented by flows:

• A) (1),(3),(6),and (8).
• B) (7),(5),(4),and (2).
• C) (1),(2),(3),and (4).
• D) (5),(6),(7),and (8).

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Definitions:

Policies

Formal guidelines or rules that govern actions and decision-making within an organization.

Grapevines

Informal channels of communication within an organization, often based on rumor or gossip, which can spread information quickly but sometimes inaccurately.

Transfer Information

The process of conveying data, facts, or knowledge from one person, place, or entity to another.

Inefficiently

The act of using more resources or taking more time than necessary to achieve a specific outcome, indicating a lack of effectiveness or productivity.