Which of the Following Statements Is True of Public-Private Partnerships

question 49

Multiple Choice

Which of the following statements is true of public-private partnerships?

• A)They increase the negative impacts of potentially hazardous supply chain situations.
• B)They are critical to the satisfaction of both company and societal interests.
• C)They are formed when the magnitude of a supply chain dilemma is of little importance to a company.
• D)They lack power to solve future national and global supply chain problems.

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Definitions:

Private Production

The creation of goods or services by businesses that are owned by individuals or groups not affiliated with the government.

Redistribution of Income

Government policies or mechanisms aimed at adjusting the distribution of wealth among a population.

Well-organized Interest Groups

Organizations that coordinate the efforts of members to advocate or lobby for shared interests and goals in the policy-making process.

Rent-seeking Activities

Rent-seeking activities involve individuals or businesses trying to increase their share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.