Which of the Following Represents the Basic Principle of Public

question 5

Multiple Choice

Which of the following represents the basic principle of public choice theory?

• A) Politicians act consistently in the public's interest.
• B) Politicians follow their own self-interest and seek to maximize their reelection chances, rather than promote the best interests of society.
• C) Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their reelection chances during a political campaign.
• D) Politicians have an incentive to be cost-conscious and creative because they face the same type of profit motive as producers.

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Definitions:

Organisational Objectives

Goals and targets set by an organization to direct activities and measure success.

Standing Plans

Pre-established policies, procedures, and rules designed to guide actions and decision-making in an organization's recurring situations.

Strategic Plans

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Single-use Plans

Specific plans developed to achieve a particular goal that is not expected to recur, used for unique or non-routine situations.