One of the Important Differences Between Public Bureaucracies and Private

question 66

Multiple Choice

One of the important differences between public bureaucracies and private corporations is that government bureaucracies

• A) are not organized to make a profit, whereas private corporations are.
• B) have a single set of leaders, whereas private corporations do not.
• C) are much larger than private corporations.
• D) are not intended to serve the citizenry as private corporations are.
• E) present an opportunity for career advancement, whereas private corporations do not.

---

Definitions:

Operating Leverage

The degree to which a firm relies on fixed costs in its operations, affecting its potential income variability.

Financial Leverage

The use of borrowed money to increase the potential return of an investment.

Business Cycle

The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, contraction, and trough.

Economic Conditions

The state of a country or region's economy, including factors like unemployment, inflation, and GDP growth.