Answer:
Lobbying
Explanation:
This is a tool used since the beginnings of political organized society. Nowadays it is considered a business practice and there are enterprises that use lobby to influence politicians in order to meet the objectives they want to attain with actions such as passing of bills.
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:
Variable costs per unit:
Manufacturing:
Direct materials $ 6
Direct labor $ 9
Variable manufacturing overhead $ 3
Variable selling and administrative $ 4
Fixed costs per year:
Fixed manufacturing overhead $ 300.000
Fixed selling and administrative $ 190.000
During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.
The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.
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Answer / Explanation:
Access: Real motives, Asking customers, Providing data, allowing expression
Impacts: Thinking about your idea, thinking of the community
Fact: Checking your report, Avoiding exaggeration
Respect: Valuing others opinions, choosing words carefully.
Now to be able to fully comprehend the aforementioned above, let us define a couple of them.
Access: This simply refers to being able to get approval to what is needed
Impact: This refers to or can be likened to the action of an object coming forcibly into contact with another external object.
Fact: This can be likened to a process that has been tested and proven to be an established principle.
Respect: This can be referred to as the feeling of admiration for an individual or group of people due to their perceived abilities or level of achievement.
With the brief definition of this terms, i hope you find it logical why the action were dragged to the perceived most appropriate category.
The correct answer is D: May succeed when many voters are rationally ignorant.
Further Explanation:
Rent-seeking behavior can best be described a person lobbying for a particular business or person. Many times a politician is bribed to give a that business certain legislature rules/laws in favor for that company.
If logrolling is permissible, the rent seeking may be successful. Many times the this produces results that are not favorable to the public and can even be harmful. It really helps to understand the government policies when a person understands rent-seeking behavior.
Some ways a government may fail is;
- rent seeking behavior
- Regulatory capture
- rational ignorance
- logrolling
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