Public Choice Theory Suggests

question 111

Multiple Choice

Public choice theory suggests:

• A) regulatory agencies seek to reduce their bureaucratic structure in order to reduce the need for high taxes.
• B) bureaucrats do not respond favorably to lobbyists and special interest groups.
• C) that firms may exploit regulation in order to limit competition.
• D) government employees seek to serve the public interest, not their private interests.

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Definitions:

Crisis Communication

The effort by a business or organization to communicate effectively during unexpected events that threaten to harm its reputation or stakeholders.

Issues Management

The systematic identification, evaluation, and handling of any issue that could impact an organization’s ability to achieve its objectives, often involving preventive public relations strategies.

Social Media

Digital platforms that enable users to create and share content or participate in social networking.

Issues Management

The process of identifying, assessing, and responding to potential threats or opportunities that could affect an organization's reputation or success.