When Universities Are Expected to Function in Ever More Efficient

question 36

Multiple Choice

When universities are expected to function in ever more efficient ways,with a high degree of predictability and standardization,it is accurate to say that they are becoming

• A)more streamlined.
• B)accountable.
• C)McDonaldized.
• D)modernized.

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Definitions:

Substitute

a product or service that can be used in place of another to satisfy similar needs or desires.

Complement

Goods or services that, when used together, enhance each other's value to the consumer.

Income Increase

A rise in the amount of money received, especially on a regular basis, through work, investments, or business.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, and vice versa.