Answer: To meet all consumer needs
Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.
Thus, option D- to meet all consumer needs is the correct choice.
Answer:
The answer is C.
Explanation:
The shareholders are the owners of the company while board of directors are the agents( although many directors now have shares in the company) that runs the business on behalf of the shareholders. The problem associated with directors not pursuing the interests of the shareholders is known as agency problem.
Board of directors/directors are to make sure the business run smoothly while the shareholders provide the fund to meet emergencies.
Commission simply means a form of variable-pay remuneration for services that are rendered or products sold.
<h3>What is commission?</h3>
Your information is incomplete. Therefore, an overview will be given. A commission is a payment that an employee makes based on a sale.
For example, when an employee sells a product for $500 and they get a 10% commission on all sales, then the employee will earn $50 on that sale.
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In a supermarket, a vendor's restocking the shelves every Monday morning is an example of fixed order interval.
The situation where an inventory item has independent demand and orders are placed on a constant time period basis is referred to be an FOI system, also known as a periodic review system.
A technique for inventory control is the Fixed Order Interval System. The inventory model also goes by the name fixed reorder cycle. By monitoring the product demand in this, a set interval is formed. It is employed to control the raw material supply. Many businesses utilize the fixed order quantity system because it reduces reorder errors, effectively manages storage space, and avoids wasteful blocking of funds that may be used elsewhere.
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Decentralization refers to the degree to that decision-making is concentrated to the top of the organization: False.
<h3>What is a
decentralized organization?</h3>
In a decentralized organization, the decision-making authority and power isn't concentrated at the top level (echelon) of the organization.
This ultimately implies that, decentralization refers to the degree to that decision-making is concentrated to all the areas of an organization.
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