Privatization Refers to the Process of Hiring Private Management Consultancy

question 105

True/False

Privatization refers to the process of hiring private management consultancy firms to manage state-owned enterprises.

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Definitions:

Decision Making

A process of selecting the best option among multiple alternatives to achieve an objective or a solution to a problem.

Net Income

A financial term representing the profit left after all expenses, taxes, and costs have been subtracted from total revenue.

Income

Money received, especially on a regular basis, for work or through investments.

Expenses

Costs that a business incurs through its operations to generate revenue, including costs of goods sold, rent, utilities, and salaries.