Which of the Following Statements Is False About the Differences

question 25

Multiple Choice

Which of the following statements is false about the differences between the public and private sectors?

• A) There are frequently no good substitutes available for the products/services offered by the public sector.
• B) Monopolistic conditions frequently exist in the public sector.
• C) Market forces act to constrain union and management negotiators in the public sector in much the same way that market forces constrain their private sector counterparts.
• D) Productivity bargaining is especially difficult because it is so difficult to measure productivity when it comes to many public-sector services.
• E) The market economy does not operate in the public sector.

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Definitions:

Gross Profit Method

A method of estimating inventory cost that is based on the relationship of gross profit to sales.

Merchandise Destroyed

Goods that have been rendered unusable and unsellable due to damage, mishandling, or disaster.

Internal Control Steps

Procedures and measures adopted by a company to safeguard its assets, ensure financial report accuracy, and promote operational efficiency.

Receiving Report

A document used to record the receipt of goods from suppliers, detailing the quantities and condition of items delivered.