Which of the Following Is True About Privatization

question 11

Multiple Choice

Which of the following is true about privatization?

• A) Privatization of public-sector jobs was begun in the 1980s under the Reagan administration.
• B) Where employees lacked collective bargaining rights in the public sector, privatization of their jobs has provided many of them with the opportunity to be represented by a union in the private sector.
• C) The Bush administration has proposed privatizing up to half of all federal public-sector jobs.
• D) Public-sector jobs are more likely to be privatized when the public sector union-management relationship is adversarial.
• E) All of these are true.

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Definitions:

Subjective Approach

A method based on personal opinions, interpretations, points of view, emotions and judgment.

Financial Accounting

The field of accounting that focuses on reporting a company's financial information to external users, such as investors and creditors.

Probability

The measure of the likelihood that a specific event will occur.

Mutually Exclusive

A statistical term describing events that cannot occur at the same time, implying no overlap in their outcomes.