What are the distinguishing features between Centrally Planned Socialism and Centrally Planned Capitalism? Give examples of two or more countries which follow these systems
What will be an ideal response?
In Centrally Planned Socialism, the state has broad powers to serve the public interest as it sees fit. Ownership of entire industries as well as individual enterprises belongs to the government. The elements of the marketing mix are not used as strategic variables. In Centrally Planned Capitalism, economic system command resource allocation is utilized extensively in an overall environment of private resource ownership. In Sweden, the government controls two-thirds of all expenditures, and the resource allocation is more "command" oriented than "market" oriented. This would be an example of centrally planned socialism although it can have elements of capitalism. China is an example of centrally planned socialism.
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Beyond noise, what are some additional factors that may distract your focus?
a. message overload b. receiver apprehension c. physical illness d. A and B
In obtaining an understanding of a manufacturing entity's internal control concerning inventory balances, an auditor most likely would:
A. perform test counts of inventory during the entity's physical count. B. review the entity's description of inventory policies and procedures. C. analyze monthly production reports to identify variances and unusual transactions. D. analyze inventory turnover statistics to identify slow-moving and obsolete items.
Which of the following would a leader using the situational approach not ask when determining the nature of the situation?
A. What task are the followers being asked to perform? B. How can I best alter the styles of the followers? C. How complex is the task? D. Are the followers sufficiently skilled to accomplish the task?
Royz Jazz Company obtained a $90,000, 8% mortgage with monthly payments of $860 . The entry to record the first mortgage payment is
a. debit Mortgage Payable, $860; credit Cash, $860. b. debit Mortgage Payable, $260; debit Mortgage Interest Expense, $600; credit Cash, $860. c. debit Mortgage Interest Expense, $860; credit Cash, $860. d. debit Mortgage Payable, $600; debit Mortgage Interest Expense, $260; credit Cash, $860.