Which of the Following Would Best Describe a Policy of Laissez-Faire

question 107

Multiple Choice

Which of the following would best describe a policy of laissez-faire?

• A)More production of capital goods than consumer goods.
• B)More production of consumer goods than capital goods.
• C)An emphasis on the role of the market.
• D)An emphasis on the role of government.
• E)A reliance on custom.

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Definitions:

Changing Times

Refers to periods of significant transformation in society, economy, technology, or culture that impact individuals and organizations.

Corporate Strategy

The overarching plan and direction of a corporation that defines organizational objectives and the approaches to achieve them.

Resources

Assets, materials, or other valuables that are utilized to achieve goals or complete tasks.

Functional Strategy

A strategy that guides activities within one specific area of operations.