Finckenauer and Gavin Describe a Cycle They Call the Panacea

question 30

Multiple Choice

Finckenauer and Gavin describe a cycle they call the panacea phenomenon. The first step is:

• A) Frustration builds, and the program is labeled a failure
• B) An intervention is proposed as the latest and greatest plan, but with deeply unrealistic expectations
• C) Policy makers return to the proverbial drawing board to develop a new intervention that will be labeled the next great thing, and the cycle will repeat itself
• D) The intervention is implemented but does not meet the unrealistic goals

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Definitions:

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculating profit or loss relative to the amount of money invested.

Departmental Income Statement

A financial statement that shows the income, expenses, and net income of different departments within a company.

Contribution To Overhead

The portion of revenue that exceeds direct costs and contributes to covering a company's fixed expenses.