The Simple Circular Flow Model Shows That

question 78

Multiple Choice

The simple circular flow model shows that

• A)households are on the demand side of both the product and resource market
• B)firms are on the demand side of both the product and resource market
• C)households are on the supply side of the resource market and the demand side of the product market
• D)firms and governments are on the supply side of the loanable funds market
• E)governments are on the demand side of the product market and the supply side of the resource market

---

Definitions:

Balanced Scorecards

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Comprehensive View

is an approach or perspective that considers all aspects and factors, providing a complete and inclusive understanding of a subject or problem.

Financial Performance

An assessment of how well an organization manages its resources and commitments to generate income and ensure sustainability.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.