Regulation That Is Based Upon the Cost of Providing the Good

question 68

Multiple Choice

Regulation that is based upon the cost of providing the good or service is known as

• A) rate-of-return regulation.
• B) cost-of-service regulation.
• C) social regulation.
• D) deregulation.

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Definitions:

Flexibility

The capability to adapt to new, different, or changing requirements, conditions, or environments.

Responsiveness

The quality of reacting quickly and positively; in a business context, it often refers to the speed and efficiency with which an organization responds to customers or changes.

Operations Technology

Is the combination of resources, knowledge, and techniques that creates a product or service output for an organization.

Artifacts

Objects created by humans that are typically of cultural or historical interest.