Because of the Assumed Relationship Between Size and Importance,officials Tend

question 73

Multiple Choice

Because of the assumed relationship between size and importance,officials tend to press for larger budgets and more staff and office space.To justify growth,administrators and managers must come up with more tasks for workers to perform.This is an example of what type of problem associated with bureaucracies?

• A)inefficiency and rigidity
• B)trained incapacity
• C)bureaucratic personality
• D)resistance to change

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Definitions:

Troubled Debt Restructuring

A process where terms of an existing debt are modified due to the debtor's inability to pay, often resulting in reduced interest rates or extended payment terms.

Creditor Grants Concession

A situation where a creditor agrees to reduce or restructure a debtor's obligation under financial distress conditions, making it easier for the debtor to manage their debt.

Securitization Entity's Credit Rating

A measure of creditworthiness assigned to entities that bundle and sell receivables or other financial assets in the form of securities.

Trouble Debt Restructuring

A process where the terms of a debt are modified due to the borrower's financial difficulties to provide relief.