________ refers to the way an economy organizes to use scarce resources to produce goods and services and distribute them for consumption by various people and groups in society.

A. Economic system
B. Separation of values
C. The way a firm measures value
D. Socio-economic policy
E. Resource utilization


Answer: A

Business

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A promise exchanged for a promise is an example of:

A. a bilateral contract. B. an implied contract. C. a unilateral contract. D. promissory estoppel.

Business

Answer the following statements true (T) or false (F)

1. Content motivation theories focus on understanding how employees choose behaviors to fulfill their needs. 2. According to Maslow, needs are arranged in a hierarchical order. 3. Equity theory proposes that achievable but difficult goals motivate employees. 4. Process motivation theories focus on understanding how employees choose behaviors to fulfill their needs.

Business

Buyers are able to effectively control sales personnel in the Mazur plan since they are constantly on the selling floor

Indicate whether the statement is true or false

Business

A pro forma ________ forecasts the timing and amount of cash inflows and cash outflows

A) income statement B) balance sheet C) cash budget D) annual report

Business