Which of the following best describes the difference in the decision-making process between public and private administration?

Decision-making in public administration is characterized by a higher degree of flexibility and adaptability compared to private administration.

In private administration, decisions are often made based on market dynamics and profit considerations, whereas in public administration, decisions are more influenced by political, legal, and social factors.

Public administration relies solely on quantitative data for decision-making, while private administration uses a mix of quantitative and qualitative data.

Private administration decisions are made more quickly than in public administration due to fewer bureaucratic procedures.