In an Agency, an Informal Policy Refers To

question 17

Multiple Choice

In an agency, an informal policy refers to:

• A) A policy that is officially adopted through informal channels.
• B) An unwritten policy.
• C) A policy that is placed on agenda of a staff meeting through informal agreements.
• D) A policy that is organized and prioritized based on client needs.

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Definitions:

Induced Consumption

The portion of consumer spending that increases as disposable income rises, typically leading to more purchasing.

Disposable Income

The envelope of funds available to households for the purposes of saving and spending after adjusting for income taxes.

Consumption

The use of goods and services by households for personal needs or to maintain their standard of living.

Autonomous Consumption

Consumption spending that occurs even when income is zero, representing the basic level of consumption necessary for survival.