State Ownership Differs from Private Ownership in That in State

question 64

Multiple Choice

State ownership differs from private ownership in that in state ownership _____.

• A) maximizing profits is the sole objective of a firm 
• B) management appointments are made by owners and investors based on merit 
• C) protecting jobs and minimizing social unrest is the objective of a firm 
• D) managers' compensation is determined by competitive market forces

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Definitions:

Prototypes

The best or most typical example of a particular category or concept, often used as a basis for understanding or judgment.

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