The bloated Medicare and Medicaid bureaucracy is highly inefficient.
What is bureaucracy?
A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.
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"Credit" is the one among the following choices given in the question that <span>is an agreement between a consumer and lender to borrow money and pay it back in increments. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer has helped you.</span>
Answer:
False.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market
A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.
Answer:
a. My question will be to ask them "do you have life insurance?"
Life insurance is defined as a form of indemnity against a future occurrence on the life of an individual . In any case of death, the insurance policy pays a sum of money to the beneficiary.
b. The answer i will be looking for in a skydiving mate will be an individual that has life insurance. This is because an individual with life insurance will be more careful.
