Deregulation Is When

question 24

Multiple Choice

Deregulation is when

• A)the government sub-contracts with private businesses.
• B)reduces the amount of government controls on business.
• C)there is a transfer of public ownership of assets to the private sector.
• D)All of the above.

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Definitions:

FR(N)

Refers to the function assessing the rate at which a system or component fails, emphasizing its reliability over time.

Preventive Maintenance

The routine maintenance and care of equipment and machinery to prevent unexpected breakdowns and costly repairs.

Breakdown Cost

The costs associated with a machinery or equipment failure, including repair costs, lost production time, and impact on product quality.

Components In Series

Parts or elements arranged in a sequence where each component must function correctly for the overall system to work.