_____ Focuses on What Can Be Done and What Is

question 102

Multiple Choice

_____ focuses on what can be done and what is being developed.

• A) Benchmarking
• B) Auditing
• C) Differentiation
• D) Environmental scanning
• E) Capitalization

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Definitions:

Redistribution of Income

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Circular Flow Model

An economic model that depicts the movement of goods, services, and money between households and businesses in an economy.

Consumer Expenditures

The total amount spent by consumers in an economy on goods and services.

Government and Households

The sectors of an economy involving government spending and actions, and the consumption and savings patterns of individual households.