The Store of Knowledge, Personnel, and Institutions for Implementing Policy

question 24

Multiple Choice

The store of knowledge, personnel, and institutions for implementing policy is called:

• A) the bureaucracy.
• B) state capacity.
• C) a principal-agent game.
• D) regulatory competence.
• E) rule making.

---

Definitions:

Liabilities

Financial obligations or debts a company owes to others, such as loans, accounts payable, and mortgages.

Assets

Resources owned by a company that have economic value and are expected to provide future benefits.

Revenues

The total amount of money earned by a company from its normal business activities, typically from the sale of goods and services to customers.

Trial Balance

A financial worksheet where all ledger balances are totaled into debit and credit columns which balance equally.