Which of the Following Statements Is True About Privatization

question 98

Multiple Choice

Which of the following statements is true about privatization?

• A)The privatization movement started in China in the early 1980s.
• B)Privatization involves replacing a state-owned monopoly with a private monopoly.
• C)For privatization to become successful,countries should adopt communism.
• D)When newly privatized firms are extensively protected from foreign competition,they have little incentive to restructure their operations to become more efficient.
• E)In today's context,a country runs the risk of experiencing a serious economic crisis if it liberalizes and privatizes state-owned enterprises.

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Definitions:

Hardwired MCRs

Master Control Relays that are directly wired and function to control the operation of circuit blocks within a hardwired control system.

I/O Rack

The physical framework in a control system that holds input/output modules, interfacing the processors with field devices.

Allen-Bradley Controllers

Industrial control systems and PLCs manufactured by Rockwell Automation, known for their reliability and extensive use in various industries.

RSLogix

A programming software developed by Rockwell Automation for design and configuration of logic-based controllers such as PLCs.