The Decrease in the Incentive to Work Created by Welfare

question 53

Multiple Choice

The decrease in the incentive to work created by welfare payments programs

• A) affects both taxpayers and welfare recipients.
• B) only affects high- income executives.
• C) only affects low- income taxpayers.
• D) only affects taxpayers and not welfare recipients.

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Definitions:

Prospector Strategy

A business strategy that focuses on innovation, exploring new markets, and seeking out new opportunities, often characterized by a willingness to take risks.

Innovation

The process of creating new ideas, products, or methods, which bring about significant positive change or improvement.

Retrenchment

The process of reducing staff or costs within an organization as a strategy to improve its financial position.

Divestiture

Divestiture sells off parts of the organisation to focus attention and resources on core business areas.