When Feeding America Changed Its Food Allocation System to One

question 216

Multiple Choice

When Feeding America changed its food allocation system to one that resembled a market,each food program was given a number of "shares" that they could use in bidding against other food programs for the types of food that best met the needs of the people using their programs.This is an example of how the market leads firms to provide consumers with the goods they want,which Adam Smith described by using the metaphor

• A)the invisible hand.
• B)ceteris paribus.
• C)don't look a gift horse in the mouth.
• D)don't bite the hand that feeds you.

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Definitions:

Crisis Management

The identification of threats to an organization and its stakeholders, along with methods for dealing with those threats efficiently.

Organizational Crisis

A significant threat to an organization that requires immediate action to preserve its reputation, financial stability, or existence.

Cause And Effect

The relationship between events or things, where one is the result of the other or others, often used as a method to identify reasons behind specific outcomes.

Process Audits

Evaluations that focus on the efficiency and effectiveness of processes within an organization, aiming to identify areas for improvement.