In a market economy, there is a centralized government that controls factors of production and decision making
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A planned economy relies on a centralized government to control factors of production and make decisions. In a market economy, individuals—producers and consumers—control production and allocation decisions through supply and demand.
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When more than 400 senior HR professionals were asked to name the most important skill their employees will need in the next 5 years, ______ ranked the highest.
A. critical thinking B. innovation C. information technology D. positive thinking
The indirect approach is an appropriate strategy for ______.
A. good news B. neutral news C. bad news D. both good news and neutral news
Which of the following statements is true about the niche strategy?
a. Only large companies can implement a niche strategy. b. Companies that adopt a niche strategy have only a small number of customers. c. Only the companies that do not have competitors can adopt a niche strategy. d. Companies that adopt a niche strategy can only gain a price advantage over competitors.
The use of ______ involves establishing an upper and lower control limit to determine if the forecasting errors related to a method are within the limits.
A. tracking signals B. control charts C. monitoring signals D. trend charts