A Characteristic of the Market System Is

question 110

Multiple Choice

A characteristic of the market system is:

• A) Extensive use of direct methods of production
• B) A focus on labor, as opposed to capital resources
• C) Reliance on the use of capital goods to expand total output
• D) Avoidance of producing goods that do not satisfy consumer wants directly

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Definitions:

Power Distance Cultures

Cultures in which there is an acceptance of the unequal distribution of power in institutions and organizations.

Ingratiation

Ingratiation refers to a social influence strategy where an individual attempts to make themselves more likable or appealing to others, often to gain advantage or favor.

Impression Management

The process by which individuals attempt to control or manipulate the perceptions others have of them, often to appear more favorable or competent.

Personal Characteristics

Are the traits, attributes, or qualities that define an individual’s distinct personality and behavioral tendencies.