The Policy Process Begins with a Demand That Normally Appears

question 6

Multiple Choice

The policy process begins with a demand that normally appears as support for a new course of action or opposition to existing policy. Such demands can emerge from _____ sources. For example, widely publicized cases of racial discrimination in drug sentencing eventually led to the revision of federal sentencing guidelines for drug offenses.

• A) within an agency or from outside
• B) within a public organization or from outside
• C) within a conceptual framework or from outside
• D) within a union of workers or from outside

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Definitions:

Estimated Returns Inventory

A reserve of products anticipated to be returned by customers, accounting for potential future merchandise returns.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company’s books for the next period.

Perpetual Inventory System

An approach to inventory management where updates to inventory records are made in real-time after each purchase, sale, or return transaction.

Shrinkage

The loss of inventory that can occur due to theft, damage, or errors in a company's stock.