PRC-3 · Chapter 2 · Question 58 of 61
Which of the following organizations is explicitly established, owned, and operated by the government to provide essential services to the nation rather than strictly generating private wealth?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A public sector entity like WAPDA
Explanation
Public sector organizations are state-owned entities created by the government to provide vital public services and infrastructure, separate from the private sector.
More Ownership of Business MCQs
- Q60In a massive listed public company, there are thousands of shareholders, but the daily operations are run by hired professional managers…
- Q61A local entrepreneur pays a large initial fee and agrees to pay ongoing royalties to an international fast-food brand in exchange for the…
- Q1Mr. Tariq runs a small retail store entirely on his own. If the business goes bankrupt and owes money to suppliers, what is the extent of…
- Q2Which of the following is considered a primary advantage of operating a business as a sole trader?
- Q3Ali and Bilal start a logistics firm together under a formal agreement. At the end of the financial year, how will the financial outcomes…