The command economy is considered the economy in which individuals value the least when deciding which products to consume. Residents of this economy can expect to consume what the government wants.
With centralized decision-making, the government controls all supply and determines all demand in the command economy. The price of this economy must be set by the government. Civil service does not arise naturally like in a market economy.
A market economy is an economic system in which economic decisions and pricing of goods and services are guided by the interaction of the economy individual citizens and firms in the country.
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Answer:
True
Explanation:
Enterprise system, which is also referred to Enterprise resource planning (ERP) refers to a business software which is implemented centrally so as to help coordinate and exchange data smoothly between departments and people.
Such a system makes it convenient for the businesses to share information within as well as with outside parties of an organization and helps integrate information between different departments.
Initially, the ERP software was primarily used by businesses for internal business processes but gradually it has been applied for suppliers, customers and outside business functions.
Effective application of such a system ensures competitive advantage to an enterprise.
Answer:
0.73
Explanation:
Debt to equity ratio is calculated as Total debt / Total equity
= $0.8 million / $1.1 million
= 0.73
Therefore, debt to equity ratio is 0.73
The answer is actually D), which is “Horizontal Consolidation.”