Private Firms and Public Bureaus Differ in That _____

question 94

Multiple Choice

Private firms and public bureaus differ in that _____

• A)private firms have more incentive to act on consumer feedback.
• B)private firms have less incentive to eliminate waste and inefficiency.
• C)private firms are usually financed by government appropriations, while bureaus cover their costs if enough people buy their products.
• D)private firms do not have a profit incentive to satisfy consumer wants, but bureaus have a profit incentive to satisfy consumers.
• E)ownership is not transferable in private firms, while ownership is transferable in bureaus.

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Definitions:

Business Writers

Professionals specialized in creating various business documents, including reports, proposals, and memos.

Clarity

The quality of being clear, understandable, and free from ambiguity in communication or expression.

Equity

The concept of fairness and justice within the context of various aspects such as finance, law, and employment.

Bias-free Photographs

Images captured and selected in a manner that avoids unfair prejudices or stereotypes.