Which of the Following Best Describes a Theory That Uses

question 5

Multiple Choice

Which of the following best describes a theory that uses economic principles to analyze political activity, by suggesting that people take political action to further their self-interest?

• A)Public Choice Theory
• B)Managerialism
• C)New Public Management
• D)Post-Bureaucratic Organization Theory

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Definitions:

Opportunity Costs

The loss of potential gain from other alternatives when one particular option is chosen over them.

Project Analysis

The process of evaluating the potential risks and returns associated with investing in a particular project.

Market Value

The total value of a company or asset in the financial market based on the current price at which it can be bought or sold.

Idle

The state of an asset or resource not being in use, contributing no output or value during a certain period.