40. a business plan should describe all but which of the following? (1 point)\nmission and objectives\nexit…

40. a business plan should describe all but which of the following? (1 point)\nmission and objectives\nexit strategy\nfinancial projections and requirements\nall of the above\n\n41. the basic set of rules for allocating a societys resources to satisfy citizens needs is called ___. (1 point)\nan economic system\nan ethical system\na governmental system\na legal system\n\n42. to keep the accounting equation in balance, companies use ___ to record every transaction affecting assets, liabilities, or owners equity. (1 point)\na cash basis method\nan accrual basis method\ndouble - entry bookkeeping\nthe matching principle\n\n43. which of the following is in the correct order from the least amount of personal freedom to the greatest amount of personal freedom? (1 point)\nmixed capitalism, capitalism, communism, socialism\nsocialism, mixed capitalism, communism, capitalism\ncommunism, socialism, capitalism, mixed capitalism\ncommunism, socialism, mixed capitalism, capitalism\n\n44. in a global economy, economists consider ___ to be the key economic resource. (1 point)\ncapital\nhuman resources\nknowledge\nnatural resources

40. a business plan should describe all but which of the following? (1 point)\nmission and objectives\nexit strategy\nfinancial projections and requirements\nall of the above\n\n41. the basic set of rules for allocating a societys resources to satisfy citizens needs is called ___. (1 point)\nan economic system\nan ethical system\na governmental system\na legal system\n\n42. to keep the accounting equation in balance, companies use ___ to record every transaction affecting assets, liabilities, or owners equity. (1 point)\na cash basis method\nan accrual basis method\ndouble - entry bookkeeping\nthe matching principle\n\n43. which of the following is in the correct order from the least amount of personal freedom to the greatest amount of personal freedom? (1 point)\nmixed capitalism, capitalism, communism, socialism\nsocialism, mixed capitalism, communism, capitalism\ncommunism, socialism, capitalism, mixed capitalism\ncommunism, socialism, mixed capitalism, capitalism\n\n44. in a global economy, economists consider ___ to be the key economic resource. (1 point)\ncapital\nhuman resources\nknowledge\nnatural resources

Answer

Brief Explanations:

  • Question 40: A business plan typically includes mission and objectives, exit strategy, and financial projections and requirements.
  • Question 41: An economic system is the basic set of rules for allocating a society's resources to satisfy citizens' needs.
  • Question 42: Double - entry bookkeeping is used to keep the accounting equation in balance by recording every transaction affecting assets, liabilities, or owner's equity.
  • Question 43: Generally, communism has the least personal freedom, followed by socialism, then mixed capitalism, and capitalism has the greatest amount of personal freedom among these systems.
  • Question 44: In a global economy, economists consider knowledge to be the key economic resource as it drives innovation and productivity.

Answer:

  1. None of the above (since all the options are typically included in a business plan)
  2. An economic system
  3. Double - entry bookkeeping
  4. Communism, Socialism, Mixed Capitalism, Capitalism
  5. Knowledge