Incrementalism Refers to the Idea That ______

question 43

Multiple Choice

Incrementalism refers to the idea that ______.

• A) an agency's budget is based on the prior year's figures and will only change by a small amount
• B) policies generally exhibit long periods of stability with short periods of significant change
• C) the federal bureaucracy can be shrunk by presidential order
• D) agencies and unelected officials have an active role to play in policymaking decisions

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Definitions:

Net Operating Income

The total profit of a business after operating expenses are deducted but before interest and taxes are subtracted.

Price Hike

An increase in the price of goods or services, often due to factors such as inflation, increased demand, or rising input costs.

Target Costing

A pricing strategy in which a product's selling price is determined by market conditions, and the production cost is managed to ensure profitability.

Desired Return

the minimum profit or return a company or investor aims to achieve from an investment or venture.