A Cost-Effective Program Mix Is One That Accomplishes a Given

question 11

True/False

A cost-effective program mix is one that accomplishes a given mission at minimum cost.

---

Definitions:

Piece-rate

A payment method where workers are paid a fixed rate for each unit of production completed, encouraging productivity by directly linking pay to output.

Moral Hazard

A situation where one party takes on excessive risk because the negative consequences of the risk will be borne by another party.

Antilock Brakes

A safety system in vehicles that prevents the wheels from locking up and skidding during braking, improving control.

Self-medicating

The practice of using drugs, alcohol, or other substances to treat one's ailments without professional guidance, which can lead to misuse and health problems.