How Do Command-And-Control Policies Differ from Incentive Systems

question 20

Multiple Choice

How do command-and-control policies differ from incentive systems?

• A)Command-and-control policies use marketlike strategies,whereas incentive systems do not.
• B)Command-and-control policies are typically more efficient than incentive systems.
• C)Command-and-control policies are typically more equitable than incentive systems.
• D)Command-and-control policies typically focus on punishing those who violate the law,whereas incentive systems often include rewards.

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Definitions:

Misrepresented

The act of presenting facts or information in a false or misleading way.

Breach Of Contract

The violation of a contractual obligation by failing to perform one's own promise, by hindering another party's performance, or by making it impossible.

Rectification

A correction, by the court, of the wording of a mistake in a contract.

Rescission

The act of revoking, canceling, or repealing a contract or agreement, returning all parties to their original positions prior to the agreement.