Which of the Following Statements About Resource Allocation Is Correct?​

question 129

Multiple Choice

Which of the following statements about resource allocation is correct?​

• A)Within a firm, resources are allocated by prices; in the market, resources are allocated by the decisions of managers.
• B)Resources are allocated by prices both in the market and within the firm.
• C)Within a firm, resources are allocated by the decisions of managers; in the market, resources are allocated by prices.
• D)Resources are allocated by the decisions of managers both within the firm and in the market.
• E)In the market, resources are allocated either by prices or by the decisions of managers; within a firm, resources are allocated by prices.

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Definitions:

Employee Behavior

The behavior exhibited by employees in the workplace as a result of organizational practices, policies, culture, and individual motivations.

U.S. Government

The federal system of the United States consisting of executive, legislative, and judicial branches that govern the country according to the Constitution.

Enforcing Laws

The act of ensuring compliance with laws, regulations, and rules through monitoring, regulating, and applying penalties or corrective actions when violations occur.

Employer Information Report

An official document, often related to compliance with regulations, that an employer may be required to complete, detailing various aspects of the organization's workforce, employment practices, or diversity initiatives.