Privatization Is a Term Used to Describe

question 2

Multiple Choice

Privatization is a term used to describe:

• A) firms that are purchased by the government.
• B) government operations that are purchased by corporations and other investors.
• C) firms that do not use publicly available debt.
• D) non-public meetings held by members of interlocking directorates.

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Definitions:

Bailment Agreement

A legal arrangement in which one party temporarily transfers possession of property to another, with the understanding that it will be returned.

Court Order

A formal direction issued by a court or judge requiring a person or entity to do or not do something.

Bankruptcy Case

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Tangible Property

Physical assets that can be touched and seen, such as real estate, vehicles, and equipment.