Which of the Following Is an Ideal Condition for a Free

question 22

Multiple Choice

Which of the following is an ideal condition for a free market?

• A)There are no parties,institutions,or governmental units regulating the quantity of the goods being bought or sold in the market.
• B)There are many buyers and many sellers,and all of them have a substantial share of the market.
• C)All the buyers and sellers in the market are free to leave the market but there are entry barriers.
• D)All buyers have full knowledge of what other buyers and sellers are up to including quantity of goods sold,but not the prices and quality of goods being sold.
• E)The participants in the market have strong preferences as to which seller or buyer they would deal with.

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Definitions:

Forced-Distribution System

A performance management system where employees are ranked in comparison with each other and placed into predetermined performance categories.

Performance Evaluation

The systematic assessment of an employee's work performance, typically conducted through observing, documenting, and analyzing their actions over a period.

Percent Method

A calculation method involving the use of percentages, often applied in finance, statistics, or to determine changes and allocations.

Behaviourally Anchored

A method of rating performance that involves evaluating specific examples of an employee's behavior against predefined anchors or benchmarks.