Privatization is:
A)a term used in the private sector for a make decision.
B)the term for outsourcing used in the public sector.
C)used interchangeably with outsourcing in both the public and private sectors.
D)the term used when entire operations are outsourced.
E)the term used when entire operations are insourced.

Question

Quizplus · Accepted Answer

Privatization refers to the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (government) to the private sector, either to a business that operates for profit or to a nonprofit organization. It contrasts with outsourcing, where only specific tasks or functions are contracted out, not the entire operation.

Privatization Is