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Agencies that use both public and private sources of money are termed _____________.

A) Hybrid organizations
B) Dual-purpose organizations
C) Public-private partnerships
D) Mixed-funding entities

1 Answer

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Final answer:

Agencies that use both public and private sources of money are known as Public-private partnerships. These are often formed for large-scale public projects and can involve various entities such as nonprofit organizations, private hospitals, and government agencies.

Step-by-step explanation:

Agencies that use both public and private sources of money are termed Public-private partnerships. These partnerships often occur when government agencies want to borrow money to raise funds for public projects like building roads or mass transit systems. Rather than relying on government funding alone, these entities might form a collaboration with private firms, which can reinvest their savings into their own businesses or help finance large-scale projects through the creation of a special-purpose vehicle. This vehicle is then used to borrow money from the private financial markets. Third-party financing, a form of privatization, is generally considered more complex and sometimes criticized for being inefficient and costly. Examples of entities that operate using mixed funding sources include a nonprofit health organization, a private hospital, and certain governmental agencies like Health and Social Services.

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