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Scrat [10]
3 years ago
8

Risk management in command economies A. is easy because there is no risk. B. is easy because the government controls most activi

ty and can eliminate risk. C. tends to be done poorly because government officials do not understand risk. D. tends to be done poorly because decision makers are insulated from the risk of making a poor decision.
Business
1 answer:
telo118 [61]3 years ago
3 0

Answer: Risk management in command economies <u>"C. tends to be done poorly because government officials do not understand risk.".</u>

Explanation: In command economies, a type of system is presented in which the government intervenes in the economy, determining what goods to produce, how much and at what price. It is one of the main characteristics of communist societies. When talking about risk, government officials who apply these economic measures generally have little knowledge about financial factors such as risk and make decisions without knowing what consequences it can have.

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3 years ago
What are the legal requirements to be fulfilled in order to start this business?
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2 years ago
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess d
kupik [55]

Answer: C) and D) answers.

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7 0
3 years ago
During the Reagan administration, the Laffer curve was used to argue that: a. lower income tax rates could increase tax revenues
solniwko [45]

Answer:

A) lower income tax rates could increase tax revenues.

Explanation:

The laffer curve is a theoretical model which argues that there a tax rate that theoretically produces the most revenue for the government. Said tax rate is between 0% and 100%.

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6 0
4 years ago
Dave's Duds reported cost of goods sold of $2,000,000 this year. The inventory account increased by $200,000 during the year to
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a. $2,200,000

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We solve considering the inventory identity:

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Purchase 2,200,000

4 0
3 years ago
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