The View That Private Ownership Is Superior to State Ownership

question 68

Multiple Choice

The view that private ownership is superior to state ownership in economic policy making is known as the:

• A)​Beijing Consensus.
• B)​Washington Consensus.
• C) ​Moral hazard.
• D) ​Stewardship theory.

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Definitions:

Project Organization

A structure designed for executing projects, where teams are assembled to focus on specific objectives within a limited timeframe.

Specific Goal

A clearly defined and measurable objective that an individual or organization aims to achieve within a specific timeframe.

Functional Area

A grouping of activities or processes based on similar roles or functions within an organization, such as marketing, finance, or operations.

Ethical Issues

Concerns or dilemmas that involve differences between moral principles, values, or standards.