explain why public organization are said to be more difficult to evaluate that p
ID: 430558 • Letter: E
Question
explain why public organization are said to be more difficult to evaluate that private organization? Why is this important for early career public administrators to know? explain why public organization are said to be more difficult to evaluate that private organization? Why is this important for early career public administrators to know? explain why public organization are said to be more difficult to evaluate that private organization? Why is this important for early career public administrators to know? explain why public organization are said to be more difficult to evaluate that private organization? Why is this important for early career public administrators to know?Explanation / Answer
A public administrattion is defined and operated by the government agencies and are strongly controlled. All information pertaining to budgets and losses/ profits is not completely disclosed to the public and is at the discretion of the government agency managing the entity. However, for a private entity it becomes essential to disclose the financial books of accounts to its shareholders which is constituted by the common people if it is a listed company.
Hence the analysis and evaluation for private organsiation is seen to be more consistent year on year with data being available on the common platform whilst the same does not apply to the public entitites.
A public administrator should be well aware of this fact at the early stage of the career, and hence should take these factors in consideration whicle comparing the public and private firms so that the evaluation and comparison is that of apples to apples.
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