Which statements are true of the private sector? Choose all that apply. a. Employees are expected to make a profit or contribute to making a profit for their company. b. The pay for top managers is often higher than it is in the public sector. c. Private-sector jobs include public school teacher, police officer, and U.S. Air Force pilot. d. Employees are less likely to be laid off during a recession.
Which statements are true of the private sector? Choose all that apply. a. Employees are expected to make a profit or contribute to making a profit for their company. b. The pay for top managers is often higher than it is in the public sector. c. Private-sector jobs include public school teacher, police officer, and U.S. Air Force pilot. d. Employees are less likely to be laid off during a recession.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which statements are true of the private sector? Choose all that apply.
a. |
Employees are expected to make a profit or contribute to making a profit for their company.
|
b. |
The pay for top managers is often higher than it is in the public sector.
|
c. |
Private-sector jobs include public school teacher, police officer, and U.S. Air Force pilot.
|
d. |
Employees are less likely to be laid off during a recession.
|
Expert Solution
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Step 1
The private sector utilizes laborers through individual entrepreneurs, enterprises, or other non-government organizations. Occupations incorporate those in manufacturing, monetary administrations, callings, friendliness, or other non-government positions. Laborers are paid with part of the organization's profits.
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