Which of the Following Is a Drawback of Privatization, or Outsourcing

question 39

Multiple Choice

Which of the following is a drawback of privatization, or outsourcing?

• A) The bidding process is too competitive.
• B) The bidding process involves too many rules.
• C) Privatized services often cost more to deliver.
• D) Privatized service delivery is often too slow.
• E) Privatization may decrease government accountability.

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Definitions:

Mortgage Reform and Anti-Predatory Lending Act

A legislative act aimed at curbing predatory lending practices in the mortgage industry, ensuring fair and transparent loan terms for borrowers.

Truth-in-Lending Act

Legislation from the federal government in the United States intended to support the well-informed utilization of consumer credit by mandating the disclosure of its conditions and costs.

Restrictive Covenant

A clause in a contract that limits certain actions of the parties involved, often to protect business interests or preserve confidentiality.

Mortgage Reform and Anti-Predatory Lending Act

U.S. legislation aimed at improving the transparency of the mortgage process and protecting borrowers from unfair, deceptive, or predatory lending practices.