Competitive Firms

question 50

Multiple Choice

Competitive firms:

• A) are efficient, but unfriendly
• B) are efficient, but result in inequality
• C) are efficient, but do not keep up with technology
• D) are efficient, and ever-evolving with new technology

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Definitions:

Teddy Roosevelt

26th President of the United States, known for his progressive policies and conservation efforts.

No Child Left Behind

A U.S. Act aimed at closing the achievement gap with accountability, flexibility, and choice, so that no child is left behind.

Rationalized

The process of making procedures or activities more efficient and orderly by implementing logical or practical methods and procedures.

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.