To Avoid Conflicts Between the Public- and Private-Sector Interests in a PPP

question 1

Multiple Choice

To avoid conflicts between the public- and private-sector interests in a PPP, public leaders must:

• A) be adept at balancing and aligning competing public and private interest
• B) have public full disclosure and acceptance from the citizenry in advance
• C) realize that the PPP arrangement is like normal buyer-seller relationships
• D) fully adopt an active economic agenda, searching for profit that they will return to taxpayers

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Definitions:

Net Method

An accounting method where discounts for early payment are assumed to be taken and sales or purchases are recorded at their net of discount values.

Purchases Discount

Purchases discount is a reduction in the price paid for goods or services, often granted to a buyer when payment is made within a specified period.

Financial Statement

Formal records that outline the financial activities and condition of a business, individual, or other entity.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating its usual increase direction.