Socialism is an economic system that encourages privatization and believes that all enterprises should be publicly owned.
Answer the following statement true (T) or false (F)
False
Socialism is an economic system based on the principle that the government should own and operate key enterprises that directly affect public welfare, such as utilities, telecommunications, and healthcare. See 2-4: Planned Economies: Socialism and Communism
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Singer's share of the income (loss) be if the net loss for the year is $10,000?
a. $(12,600) b. $(14,000) c. $(6,000) d. $(10,000)
The main disadvantage of direct investment is that the partners might disagree over investment, marketing, or other policies
Indicate whether the statement is true or false
Data is defined as being information organized in a meaningful way that is useful to the user.
Answer the following statement true (T) or false (F)
A common complaint of managers and supervisors about performance management is
a. "It's not fair." b. "I don't have the training I need." c. "I don't have time." d. "It's not my job."