Using the Tools and Approaches of New Public Management, Public

question 16

Multiple Choice

Using the tools and approaches of new public management, public and nonprofit organizations have succeeded in making which of the following changes?

• A) increased efficiency and financial discipline
• B) streamlined services
• C) held top executives accountable for performance goals
• D) all of these

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Definitions:

Market Concentration

The degree to which a small number of firms control a large percentage of a relevant market.

Competition

The rivalry among businesses or individuals for dominance or a greater share of the market or attention, often leading to innovation and better choices for consumers.

Monopolist

An individual or entity that holds a dominant position or exclusive control over a market or supply of a particular commodity or service.

Market Size

The total volume of sales or potential sales of a product or service within a particular market.