Privatization Is a Way to

question 11

Multiple Choice

Privatization is a way to

• A) shrink the federal budget by selling government services or property in the private sector.
• B) reduce government costs by relocating government programs to private groups or corporations.
• C) reduce big government by doing without some of the programs it once provided.
• D) increase the government's role by purchasing private companies.
• E) reduce government costs by lowering the amount of benefits paid out to private citizens.

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Definitions:

Cost Reduction

Strategies or actions implemented by a company to decrease its expenses and improve profitability.

Disposal Channels

Methods or avenues through which unwanted or obsolete products are discarded, recycled, or repurposed.

CEO's Perspective

The viewpoint or approach taken by the Chief Executive Officer regarding the strategic and operational aspects of running a company.

Production Planning

The planning of production schedules, inventory management, and the allocation of resources in manufacturing.