The Practice of Imposing Penalties for Failing to Carry Out

question 77

Multiple Choice

The practice of imposing penalties for failing to carry out responsibilities adequately and giving rewards for meeting responsibilities is referred to as

• A) planning.
• B) accountability.
• C) subtle discrimination.
• D) reliability.

---

Definitions:

Rival Firms

Companies that compete within the same market, offering similar products or services to consumers.

Creative Destruction

A process in economics where innovation leads to the demise of existing structures and businesses, paving the way for new ones.

Technological Advance

The introduction of new technologies or improvements in existing technologies that increase productivity and efficiency.

International Trade

The exchange of goods and services between countries, allowing for access to foreign markets and diverse products.