Public Sector

The main objective of the private sector is

• to make a profit

• to provide a service

• to help others

• to pay taxes

The main objective of the public sector is

• to make a profit.

• to provide a service.

• to provide advice.

• to pay dividends.

Which of the following enterprises is not in the public sector?

• State corporation

• Incorporated company

• Government department

• Nationalized company

Public Sector Enterprises are owned by ?

• Government

• Citizens

• Businesses

• None of these

State corporations are formed by

• Status.

• Ministers of government.

• agreement between multiple businesses.

• legislation.

A public transport company that is funded by taxpayers.

• private sector

• public sector

• both private and public sector

The local government

• is concerned with issues in specific communities.

• is concerned with the location of businesses in the country.

• is concerned with the entire country and its economic position.

• is concerned with the well-being of locals and not non-nationals.

The central government

• is concerned with the issues arising in parliament only.

• is concerned with the location of businesses in the country.

• is concerned with matters at a national level.

• is concerned with matters at a community level only.

Local government bodies are run by

• the elected local Prime Minister

• the elected local official/ minister

• the elected local governor.

• the elected local commissioner.

The government taking over a business that was once privately owned is called

• privatization.

• socialization.

• nationalization

• publicizing.