A Trade-Off Between Equity and Efficiency May Exist Because of All

question 180

Multiple Choice

A trade-off between equity and efficiency may exist because of all of the following EXCEPT that:

• A)allocating resources fairly may cause efficiency.
• B)an efficient allocation of resources may lead to an outcome that most people consider unfair.
• C)policies that promote equity often come at a cost of decreased efficiency.
• D)allocating resources fairly may cause inefficiency.

---

Definitions:

Process Control

The monitoring and adjusting of processes in production or operations to ensure optimal performance and output.

Third Party Conflict Resolution

involves an outside party helping to resolve a dispute between two other parties, often through mediation or arbitration.

Arbitration

A form of dispute resolution where an impartial third party, the arbitrator, makes a decision to resolve a disagreement between parties.

Process Control

The practice of monitoring and adjusting a process to ensure that it operates at its optimal performance level, often used in manufacturing and production.