Public Choice Theory Suggests That in the Regulatory Process

question 98

Multiple Choice

Public choice theory suggests that in the regulatory process:

• A) tech group pursues greater efficiency.
• B) the various groups involved pursue their own respective interests.
• C) individuals act to advance the public interest.
• D) bureaucrats act to advance the public interest.

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Definitions:

Secondary Groups

Large, impersonal social groups whose relationships are typically transient and not emotionally deep.

Decentralized Decision-making

A process in which decision-making authority is distributed among various levels or sectors within an organization or system.

Flatter Bureaucracies

A type of organizational structure that features fewer levels of management and a wider span of control, leading to quicker decision-making and increased employee involvement.

Organizational Environment

The set of external and internal conditions, including social, economic, and political factors, that affect how an organization operates.