Government's Ability to Reduce Private-Sector Economic Risks Through Laws and Regulations

question 41

Multiple Choice

Government's ability to reduce private-sector economic risks through laws and regulations would encourage all of the following, except

• A) higher levels of private economic investment.
• B) formation of new businesses.
• C) introduction of new products and processes.
• D) reduction of private goods and services.

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Definitions:

Zero Defects

A management philosophy aiming at the reduction of defects through continuous improvement and a commitment to quality.

Chief Pediatric Physician

The leading medical professional specializing in the care and treatment of children’s diseases and overseeing the pediatric department within a healthcare institution.

External Customers

Individuals or entities outside an organization that use or consume its products or services.

Management by Best Seller

A management trend where concepts and strategies are adopted based on popular management books rather than through rigorous analysis.