Allocating Resources by the Order of Someone in Authority Is

question 62

Multiple Choice

Allocating resources by the order of someone in authority is a ________ allocation method.

• A) first-come, first-served
• B) market price
• C) contest
• D) majority rule
• E) command

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Definitions:

Foreign Exchange Gain

A financial benefit resulting from changes in exchange rates, enhancing the value of foreign currency assets upon conversion.

Year-End

The conclusion of a fiscal year, marking the cutoff for financial reporting and the beginning of financial statement preparation for that period.

Invoice Price

The price listed on an invoice, representing the amount charged by the seller to the buyer for goods or services.

Settlement Date

The date on which a trade is finalized or settled, with the transfer of securities and cash between buyer and seller.