Examlex
A large company that provides supplies to the defence forces has just established a new accounting system.Which of the following is an example of a factor in the external environment that would impact on the design of this system:
Central Planning
An economic system where all major production, investment, and allocation decisions are made by the government or a central authority.
Government Ownership
The situation in which assets, enterprises, or industries are owned and operated by the government rather than private individuals or companies.
Mean of Production
Likely a typographic error intended to refer to "Means of Production," which are the resources (such as land, labor, and capital) used to produce goods and services.
Central Planning
An economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services.
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