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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Answer:
positioning strategy.
Explanation:
Developing a marketing strategy aimed at influencing how product is perceived in comparison to competiton. It includes four steps which are:
1. Analyse
2. Competitive advantage
3. Marketing mix
4. Evaluate
The cost is clearly came from the national Budget. By providing welfare payments and subsidies, there will be less budget for other Government's plan.
As for the consequences, there are positive and negative consequence
Positive :
- It could improve the quality of life of the people in that country
Negative :
- There's a risk that people could rely on the welfare too much and became heavily dependent on it
Answer:
e) leads to uncertainty about the value of goods traded internationally
Explanation:
When a currency has a floating exchange rate, its real value changes on a day-to-day basis. When that happens constantly, traders involved in international business <u>become uncertain about the value of their goods</u> when they step into a foreign market.
When a currency has a fixed exchange rate, that will rarely be a problem.
Answer: Depreciation expenses
Explanation:
When preparing the cash budget, the things to be considered are the cash receipts from customers, cash payments for merchandise, cash payments for income taxes and the cash payments for capital expenditures.
The depreciation expenses is not considered because cash is not involved and it is a contra entry.
