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The Privately-Owned School System in Smalltown Has a Virtually Unlimited

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The privately-owned school system in Smalltown has a virtually unlimited capacity. It accepts all applicants and operates on both tuition and private donations. Although every resident places value on having an educated community, the school's revenues have suffered lately due to a large decline in private donations from the elderly population. Since the benefit that each citizen receives from having an educated community is a public good, which of the following would not be correct?


Definitions:

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its goals efficiently and effectively.

Organizational Setting

The physical and social environment in which an organization operates, including its culture, structure, and external environment.

Educational Process

The systematic series of steps or actions involved in acquiring knowledge or skills through study, experience, or teaching.

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience within organizations.

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