An Organization May Decide to Continue to Produce a Good

question 6

Multiple Choice

An organization may decide to continue to produce a good or service in-house rather than outsource:

• A)to control the quality of customer service.
• B)to reduce risk.
• C)because of a lack of technical expertise in-house.
• D)to control the quality of customer service and to reduce risk.
• E)to control the quality of customer service,to reduce risk and because of a lack of technical expertise in-house.

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Definitions:

Regulatory Capture

A situation where regulatory agencies are dominated by the interests of the industries they are supposed to regulate, rather than serving the public interest.

Special-Interest Effect

The scenario where a small group gains significant benefits from a public policy or action, often at the expense of the larger population.

Lobbyists

Individuals or organizations that attempt to influence governmental policies and decisions in favor of a specific cause or interest they represent.

Bundled Choice

Offering multiple products or services together as a single combined package, often at a reduced price compared to purchasing each item separately.