Which of the Following Is True

question 13

Multiple Choice

Which of the following is true?

• A)Successful firms have lower transaction costs than markets do
• B)A legal system that protects ownership rights is critical to the efficient functioning of firms and markets
• C)Markets measure and reward performance
• D)Markets allocate resources to their highest value use
• E)All of the above

---

Definitions:

Voicemail Messages

Recorded audio messages left by callers when the recipient is unavailable to answer the phone.

Audio Recordings

Digital or analog captures of sound, including music, spoken words, or ambient noises.

Business Communication

The sharing of information between people within and outside an organization to achieve business objectives.

Oral Medium

A method of communication where information is conveyed through spoken words, typically used in conversations, speeches, and presentations.