Inappropriate Reasons to Evaluate a Program Include

question 22

Multiple Choice

Inappropriate reasons to evaluate a program include

• A) documenting program activities to satisfy a funding agency.
• B) demonstrating effectiveness prior to seeking a new source of funding.
• C) seeking more efficient ways to provide social and educational services.
• D) commissioning an evaluation to deflect criticism and postponing a decision.

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Definitions:

Purely Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit from the market, leading to price-taking behavior.

Long Run

A period in which all factors of production and costs are variable, allowing complete adjustment to changes.

Accounting Profits

The financial gain calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Long-Run Equilibrium

The state in which all factors of production and costs are variable, and firms earn normal profits in a competitive market.