______ Are Tools, Approaches, or Methods That Policy Makers Have

question 7

Multiple Choice

______ are tools, approaches, or methods that policy makers have available to use in order to formulate a policy.

• A) Policy typologies
• B) Policy evaluations
• C) Policy processes
• D) Policy instruments

---

Definitions:

Incremental Sales

Sales generated over and above a predefined baseline, often used to measure the effectiveness of sales promotions or new marketing strategies.

Operating Expenses

The costs associated with the normal day-to-day operations of a business, excluding costs directly related to producing goods.

Capital Budgeting

The method of assessing and choosing investments for the long term that align with the company's objective of maximizing wealth.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, dividing the difference between its cost and salvage value evenly over its useful life.