The Most Fundamental Difference Between Public and Private Organizations, More

question 9

Multiple Choice

The most fundamental difference between public and private organizations, more than oversight and performance measurement, is ______.

• A) public scrutiny
• B) rule of law
• C) long-term staff
• D) emphasis on good for society

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Definitions:

Prisoners' Dilemma

A scenario in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome, highlighting the conflict between individual benefit and collective benefit.

Self-Interest

Self-Interest is a person's own personal gain or advantage in making decisions or performing actions, often considered as the driving force behind economic activities.

Confess

To admit or acknowledge something reluctantly, often about a wrongdoing or mistake.

Optimization Strategy

A plan or method aimed at making the best or most effective use of resources within defined constraints to achieve a set goal.