Which Term Describes the Selling Off of Public Assets to the Business

question 5

Multiple Choice

Which term describes the selling off of public assets to the business sector?

• A) Deregulation.
• B) Relocation of government activities.
• C) Privatization.
• D) Regional policy

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Definitions:

Flexible Budget

A flexible budget that adapts to variations in activity or volume levels, enhancing the precision of budgeting and analysis of differences.

Indirect Materials

Supplies used in the production process that are not directly part of the final product, such as lubricants for machines.

Direct Labor Hours

The total number of hours worked by employees who are directly involved in the production process of goods or services.

Decentralized Operations

A business structure where decision-making is distributed among various levels or locations rather than concentrated at a single point.