Which of the following characterizes the largest difference between the way decisions are made in the private sector versus the public sector?
A) The incentive system for individuals to perform efficiently are vastly different.
B) The workers themselves are really quite different types of people.
C) In both sectors individuals will try to maximize their own individual gains over the gains of others.
D) Costs and resources are vastly different in each sector.

Question

Quizplus · Accepted Answer

In the private sector, individuals are incentivized by profit and financial success, whereas in the public sector, individuals are incentivized by achieving the goals set by the government or organization they work for. This creates a very different approach to decision-making and performance, as individuals in the private sector may be focused on maximizing profit even if it means sacrificing other factors such as employee satisfaction or social responsibility, whereas individuals in the public sector may be focused on achieving goals even if it means sacrificing efficiency or cost-effectiveness.

Which of the Following Characterizes the Largest Difference Between the Way