Policies Are Separated by Implementation to Take Advantage of ________

question 3

Multiple Choice

Policies are separated by implementation to take advantage of ________.

• A)implementer knowledge
• B)the delegation of work principle
• C)minimum permissions

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Definitions:

Current Cost

The price that would be paid for goods or services if purchased in the current market, as opposed to historical cost.

User Cost

The cost of using a durable good or asset, which includes depreciation, interest lost on funds used to buy the asset, and maintenance costs.

Nonrenewable Resources

Natural resources that cannot be replenished within a human lifetime, such as fossil fuels or minerals.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.