Economic Systems Instruction
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Understanding Economies
Introduction: Match each type of economic system to the phrase that best describes it.
An economy completely controlled
Mixed market economy
by the government
Pure market economy
✓
An economy with as little regulation
as possible
Traditional economy
✓
An economy that preserves
old customs
Command economy
✓
An economy that allows free
interaction
The correct answer is shown.

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

Your take on decision making process

Based on what you learned about time management which of these statements are true