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Mary Hahn is an associate dean in the College of Engineering at a major state university.With the resignation of the dean,Mary is perceived as a logical choice for interim dean while a search for a permanent replacement is made.The university president tells Hahn that in spite of her experience and qualifications,he will not appoint her as interim dean.He states that the business community supporters would not be ready to work with a woman in that position and their financial support is critical to the college and the university.The president's actions:
Underallocation
A situation in which resources are not distributed efficiently, often leading to a failure to meet demand for certain goods or services.
Farm Subsidies
Government aid provided to farmers to boost their income, regulate the production of farm products, and affect the price and availability of these commodities.
Agribusiness
The portion of the agricultural and food product industries that is dominated by large corporations.
Competitive Markets
Markets where multiple sellers offer a similar product, leading to price competition and quality improvements.
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