Answer:
rent seeking company
Explanation:
Currently most large corporations operate as monopolies or oligopolies which gives them huge market power and they generally abuse of it.
Rent seeking happens when companies (usually very large companies) increase their profits without an increase in productivity.
Corporations seek higher rent usually through lobbyists that obtain political favors for them, e.g. lower taxes, grants, subsidies, or tariff protection.
Answer:
it is not allocatively efficient
Explanation:
Monopoly is a market condition where one seller has all the market share. This leads to an inefficient market structure, an increase in the prices of goods and services and abnormal profits. A problem with adopting a fair return polity for a natural monopoly is that it is not allocatively efficient. In a monopoly, goods and services are not produced to help the economy or people.
Answer:
c. II and IV are governmental; I and III are not.
Explanation:
A government agency is usually a permanent organization established by either a state or national government in a federal system. They are established by legislative or executive powers for oversight and administration of specific functions. Examples of government agencies are Food and Drugs Administration (FDA), Consumer Product Safety Commission, Intelligence, Finance and Communications agency.
Non-governmental agency usually referred to as NGOs is a non-profit.
Of the four consumer protection groups listed above, Consumer Product Safety Commission and Food and Drug Administration are governmental; Better Business Bureau and Consumers Union are not.
Answer:
PERT ( Program Evaluation Review Technique)
Explanation:
PERT stands for Program Evaluation Review Technique. PERT charts are tools used to plan tasks within a project - making it easier to schedule and coordinate team members accomplishing the work.
PERT is a project management planning tool used to calculate the amount of time it will take to realistically finish a project.
Hence PERT is a technique to analyze and sequence tasks involved in completing a project, to estimate the time needed to complete each task, and to determine the minimum amount of time needed to complete each project
