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Using Hurricane Katrina as an example and referring to Number of Separate Governments in the Federal System,explain why the division of power in federalism can make it difficult for government to respond quickly to emergency situations.
Variable
An element, feature, or factor that is likely to vary or change; it could also refer to costs that fluctuate with the level of output.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent or salaries, providing predictability for budgeting.
Responsibility Accounting
A system of accounting that segments financial information by areas of responsibility, allowing managers to be held accountable for their areas' financial performance.
Not-for-Profit Entities
Organizations that operate for purposes other than making a profit, often focusing on social, educational, or charitable endeavors.
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