Which of the Following Economic Systems Involve State-Based Planning and Control

question 65

Multiple Choice

Which of the following economic systems involve state-based planning and control of property?

• A) Market systems
• B) Centralized systems
• C) Open systems
• D) Non-Western systems

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Definitions:

Desired Targets

Specific goals or outcomes that an individual or organization aims to achieve.

Predetermined Limits

Constraints or boundaries that are set in advance, defining the permissible scope of actions or the extent of an activity or process.

Unity of Command

A principle in management and organization theory stating that each employee should receive orders from and be accountable to only one supervisor.

Boundary-spanning

Involves activities or roles that connect an organization with its external environment, facilitating information flow and coordination between internal and external stakeholders.