Informal Efforts,as Opposed to Official Job Assignments,in Which Employees Work

question 77

Multiple Choice

Informal efforts,as opposed to official job assignments,in which employees work to create new products and processes of their own choosing and initiative are known as

• A)spin-offs.
• B)skunkworks.
• C)bootlegging.
• D)horse trading.
• E)sponsorship.

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Definitions:

Aid to Families

Financial or material support provided to families, often by the government, to help them meet their basic needs or improve their living conditions.

Adverse Selection

A situation in which one party in a transaction has more information than the other, typically leading to an inefficient market outcome.

Health Care Costs

The expenses related to maintaining the health of individuals, including medical services, medications, and treatments.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.