Allocational Efficiency Refers to Whether Ownership in a State-Owned Firm

question 23

True/False

Allocational efficiency refers to whether ownership in a state-owned firm is distributed equally among the citizens when the firm is privatized.

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Definitions:

Direct Forcing

A strategy where one party uses their power or authority to achieve their desired outcome without seeking compromise.

Planned Organisational Change

A process designed intentionally to make operational, structural, or cultural adjustments in an organization to improve efficiency or adapt to new market demands.

Unfreezing Phase

The initial stage of the change process where existing behaviors, norms, and attitudes are challenged to prepare for transformation.