Adam Smith's Invisible Hand Is Now Called

question 25

Multiple Choice

Adam Smith's invisible hand is now called

• A)Economic growth.
• B)The market mechanism.
• C)Opportunity cost.
• D)Laissez faire.

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Definitions:

Cost Center

A department within an organization that does not directly add to profit but still incurs costs, such as HR or customer service departments.

Investments in Assets

The allocation of financial resources into physical or intangible items that are expected to produce future benefit.

Revenues

The sum of revenue a company earns from selling products or providing services in a given timeframe.

Decentralized

Refers to the distribution of functions, powers, people, or things away from a central location or authority.