PRC-3 · Chapter 2 · Question 17 of 61
Which of the following entities represents a public sector organization established by the government to provide essential services to citizens?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The Water and Power Development Authority (WAPDA)
Explanation
Public sector organizations like WAPDA are owned and operated by the government to provide essential infrastructure and services to the public.
More Ownership of Business MCQs
- Q19Which of the following is true regarding the dissolution of a sole proprietorship compared to a limited company?
- Q20In a partnership, one specific partner provides capital but does not participate in the active management of the firm, and their liability…
- Q21When a public limited company distributes a portion of its after-tax profits to its shareholders, what is this payment called?
- Q22Which business structure is generally subject to the highest level of statutory regulation, disclosure requirements, and public scrutiny?
- Q23Which of the following is a primary characteristic of a Not-for-Profit Organization (NGO)?
