Which of the Following Is True About Privatization

question 46

Multiple Choice

Which of the following is true about privatization?

• A) Privatizing public schools would increase the political influence in the education system.
• B) Private incentives distort costs and benefits hence reduce efficiency.
• C) Privatization would introduce market incentives into the U.S. educational system.
• D) Privatization would not introduce market incentives into the U.S. educational system.

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Definitions:

Public Protection Program

Initiatives or schemes designed by governments or organizations to safeguard the well-being and safety of the general public.

Employee Involvement Approach

A strategy where employees are given the opportunity to participate in decision-making processes and contribute to problem solving and improvements in their workplace.

Managing Employee Benefits

The process of designing, implementing, and administering various compensation packages that an organization offers to its employees.

Laissez Faire Approach

A leadership style where managers provide minimal supervision and allow employees to take responsibility for their work.