Examlex

Solved

Bureaucracies Have Often Been Criticized for Being Inefficient

question 88

Essay

Bureaucracies have often been criticized for being inefficient. What are some of the management techniques that have been used to make bureaucracies more efficient and responsive to needs? Why have many of these reforms had limited success?


Definitions:

Cost

The amount of money or resources expended to obtain an asset, service, or achieve a specific outcome.

Annual Net Income

The total profit of a company after subtracting all expenses from revenue for one year.

Net Present Value Method

A financial analysis technique that discounts future cash flows to present value to assess the profitability of an investment or project.

Economic Life

This term refers to the expected period during which an asset remains useful to the owner or is expected to generate economic benefits.

Related Questions