What Is Meant by "Red Tape" in the Bureaucracy

question 125

Multiple Choice

What is meant by "red tape" in the bureaucracy?

• A) government documents which are sealed with red tape
• B) the rules, regulations, and forms produced by the bureaucracy
• C) the top-secret audio and video tapes showing what Communists around the world are plotting
• D) the direct audio link between the State Department and the Russian embassy
• E) the quick and efficient means by which bureaucracies respond to presidential directives.

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Definitions:

FOB Shipping Point

A term indicating that the buyer takes responsibility for goods once they are shipped, including paying for shipping costs and bearing the risk of loss.

Prepaid Freight

Costs paid in advance for the transportation of goods, which is often recorded as a prepaid expense on the balance sheet.

Sales Invoice

A document issued by a seller to a buyer, recording a transaction and requesting payment for the sale of goods or services.

FOB Destination

A shipping term indicating that the seller retains ownership and is responsible for the goods until they are delivered and the buyer's site.