Which of the Following Statements Best Describes How Recent Administrations

question 48

Multiple Choice

Which of the following statements best describes how recent administrations have approached
The issue of bureaucratic reform?

• A)Republican administrations have aimed to make the existing bureaucracy work more effectively while Democratic administrations have sought to reduce bureaucracy by contracting out government work to private companies.
• B)Democratic administrations have aimed to make the existing bureaucracy work more effectively while Republican administrations have sought to reduce bureaucracy by contracting out government work to private companies.
• C)Both Democratic and Republican administrations have rejected the idea of reducing bureaucracy and have aimed to make existing bureaucracy work more effectively.
• D)Both Democratic and Republican administrations have given up on trying to make the existing bureaucracy function more effectively and instead sought to reduce bureaucracy by contracting out government work to private companies.

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Definitions:

Accounts Receivable Period

The average number of days it takes a company to collect payment after a sale has been made, indicative of cash flow and credit practices.

Operating Cycle

The duration of time from the acquisition of goods for resale or the start of a service to the receipt of payment from customers.

Cash Cycle

The period between the outlay of cash for raw materials and receiving payment from customers, reflecting the efficiency of a company's cash flow management.

Quarterly Receipts

Refers to the income or revenue received by a business, organization, or government on a quarterly basis.