Which Term Defines Downsizing the Federal Bureaucracy by Delegating the Implementation

question 39

Multiple Choice

Which term defines downsizing the federal bureaucracy by delegating the implementation of programs to state and local governments?

• A) Devolution
• B) Capitalization
• C) Outsourcing
• D) Agentic shift

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Definitions:

Industry Concentration

Industry concentration is the degree to which a small number of firms dominate the total output, sales, or employment in an industry.

Bell-Shaped-Curve

A graphical representation of a normal distribution in statistics, where the apex represents the highest point or the mean, and the curve tapers equally on both sides.

Market Structures

The classification of markets based on the competition level and the nature of product differentiation among firms within an industry.

Retained Earnings

are the portion of a company's profits that are held back and not distributed to shareholders as dividends, often reinvested in the business.