Which of the following best describes the private sector?
Understanding the Private, Public, and Nonprofit Sectors of Society

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Business, Social Studies
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government-controlled entities
Publicly owned nonprofit organizations
Non-governmental, for-profit businesses
Entities that do not contribute to the economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of the public sector?
It is made up of for-profit businesses
It operates independently of government control
It includes entities under government control
It is primarily focused on generating profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sector is responsible for entities that qualify for public service nonprofit status?
Corporate sector
Nonprofit sector
Public sector
Private sector
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are nonprofit entities typically managed?
By directors
By shareholders
By government officials
By individual owners
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes the nonprofit sector from the private sector?
Nonprofits are owned by individuals
Nonprofits serve a public good
Nonprofits are for-profit entities
Nonprofits are part of the government
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