WorksheetsGCSE Business Public Corporations
Total questions: 10
Worksheet time: 5mins
What is a public corporation?
A business that belongs to the government
A business that sells products to the public
A cooperative
A franchise
Which of the following services is MOST likely to be provided by a public corporation? [choose ONE]
Housing
Street lighting
Fast food
Schools
Why do public corporations often sell goods and services at low prices?
They want to be competitive
They can produce at very low cost
They do not have many customers
They do not have to make a profit
When the revenue of a public corporation is greater than its costs it is said to make a ......
Profit
Deficit
Surplus
Loss
When the government takes over an existing business it is called.....
Nationalisation
Privatisation
Redistribution
Communism
Which of the following are benefits of public corporations?
Often they do not respond quickly to changes in what consumers want
They can provide more jobs when unemployment increases
They are often inefficient
They can afford to invest in expensive but important projects, such as new roads and railways
Which of the following are disadvantages of public corporations?
They may serve their employees better than their customers!
They may have lots of administrators and be hard to manage
They usually provide very important products or services
Operating costs can be high
Why do governments sell public corporations to investors? [privatise them]
To attract investment
To increase government control
To get more revenue
To increase the number of government employees
Which of the following is an advantage of privatisation?
Businesses may become more efficient
Businesses may be taken over by foreigners
Businesses may become more responsive to consumers
Businesses are likely to increase prices
Supporters of market economies prefer privatisation to (a)
