All the Following,except One,are Benefits of the Perfectly-Competitive Market System

question 105

Multiple Choice

All the following,except one,are benefits of the perfectly-competitive market system.Which is the exception?

• A)It is productively efficient.
• B)It ensures that income is fairly distributed.
• C)It is allocatively efficient.
• D)It is a costless system.

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Definitions:

Budgeted Disbursements

Forecasted cash outflows for a specific period, often part of a company's cash budget and crucial for managing liquidity.

Desired Balance

The targeted amount of funds or resources a company or individual aims to have available at a certain point in time for a specific purpose.

Excess (Deficiency)

The difference between what was budgeted or expected in financial projections and the actual amount received or spent, indicating a surplus or shortfall.

Master Budget

A comprehensive financial planning document that consolidates all of an organization's budgets for various departments or activities.