What Is the Purpose of the Formulation Stage of the Policymaking

question 61

Multiple Choice

What is the purpose of the formulation stage of the policymaking process?

• A) to make sure that the policy will be effective both in solving an issue and in terms of cost to taxpayers
• B) to ensure that all possible courses of action have been considered before choosing a preferred plan
• C) to get the president's approval of a bill so the policy will have the force of law and can be enforced
• D) to allow an executive agency to adopt the law into policy that can be enforced by officials

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Definitions:

Capital

Resources or assets used in the production of goods and services, such as machinery, buildings, and equipment.

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.