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Which Term Defines the Frequent Phenomenon of Bureaucratic Implementation That

question 101

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Which term defines the frequent phenomenon of bureaucratic implementation that produces policy more to the liking of the bureaucracy than originally legislated,but not so much as to trigger a political reaction from elected officials?


Definitions:

Unamortized Premium

The portion of the bond premium that has not yet been amortized or gradually written off against earnings over the life of the bond.

Open Market

A market structure where economic transactions are conducted freely and transparently, allowing for unrestricted competition.

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its original purchase price.

Bonds

Fixed income investment products representing loans made by an investor to a borrower, typically corporate or governmental, which pay periodic interest payments.

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