In an Effort to Reduce the Federal Budget Deficit,Congress Has

question 83

Multiple Choice

In an effort to reduce the federal budget deficit,Congress has decided to reduce the amount of money spent on Medicare and Medicaid.How does this affect the equilibrium price and quantity of medical services?

• A) They are not affected.
• B) They have risen as demand has increased,but supply has remained constant.
• C) They have fallen because demand has decreased and supply has remained constant.
• D) They have risen because supply and demand have decreased.
• E) Equilibrium price has fallen and quantity has risen because demand has decreased and supply has remained constant.

Understand the job characteristics model and its relevance to job design and employee motivation.

Understand how telecommuting enhances worker flexibility related to hours and location.

Define and analyze intrinsic motivation and its impact on employee satisfaction and control.

Comprehend the concept and benefits of profit-sharing in organizational performance.

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Definitions:

3 Fs

often refers to the informal investors in early-stage startups: friends, family, and fools, who provide initial capital.

Raise

The act of collecting or soliciting funds or resources, often for a business venture or project.

Due Diligence Period

A set timeframe during which detailed investigation and evaluation is conducted before entering into an agreement or transaction.

Initial Offer

Typically refers to the first sale of stock by a private company to the public, often associated with an initial public offering (IPO).