Recognizing the Incentive Power of Property Rights and Markets, Some

question 105

Multiple Choice

Recognizing the incentive power of property rights and markets, some of the most die-hard central planners are now allowing

• A)more influence from custom or religion
• B)family relations to play significant roles
• C)a role for markets
• D)communal ownership of property
• E)inefficient use of resources

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Definitions:

Organization Structure

The arrangement of departments, roles, and responsibilities within a company, defining how activities are directed to achieve goals.

Determinants of Performance

Factors or elements that significantly influence the output, efficiency, or effectiveness of individuals, teams, or organizations.

Essential Operations

Core activities necessary for an organization or system to function effectively.

Minimizes Costs

Strategies or actions taken to reduce expenses and financial outlay in business operations or personal budgeting.