The Concept of Privatization Refers to

question 51

Multiple Choice

The concept of privatization refers to

• A) the replacement of government services with services provided by private firms.
• B) federal loan guarantees for small businesses.
• C) the hiring practices of the civil service.
• D) the replacement of federal government services with state or local government services.
• E) reducing the number of levels in the federal hierarchy.

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Definitions:

Dependent Variables

In research, variables whose variation is dependent on that of other variables, commonly used to measure the effect of independent variables.

Long-Run Time Periods

Extended durations during which all factors of production and costs are variable, allowing businesses to make adjustments to achieve optimal production levels.

HR Demand Requirement

The specific needs or requirements for human resources within an organization to meet its business objectives and strategic goals.

Cause-and-Effect Models

Analytical tools used to identify and understand the relationships between cause (independent variables) and effect (dependent variables).