A criticism often leveled against SOEs is their lack of accountability.

Question

Quizplus · Accepted Answer

SOEs, being government-owned entities, may have less transparency and accountability compared to private organizations. This is because their decision-making processes may be influenced by political considerations rather than market forces. Furthermore, in some cases, their financial performance may not be subject to the same rigorous scrutiny as private companies. However, this is not always the case and some SOEs have implemented measures to increase their accountability, such as reporting requirements and independent audits.

A Criticism Often Leveled Against SOEs Is Their Lack of Accountability