GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Voluntary sector
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Public Sector
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Private sector
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Secondary Sector
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Detailed explanation-1: -A State Owned Enterprise (SOE) is a body formed by the government through legal means so that it can take part in activities of a commercial nature. Essentially, SOEs are created to undertake commercial activities on behalf of the government.
Detailed explanation-2: -A Government Business Enterprises (GBE) is a Commonwealth entity or Commonwealth company that is prescribed by the rules (s8 of the PGPA Act).
Detailed explanation-3: -Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly. Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of this kind of public enterprise.
Detailed explanation-4: -(2) Public Sector Enterprises The public sector consists of various organizations owned and managed by the government. These organizations may be either partly or wholly owned by the central or state government. The government can participate in economic activities through these enterprises of the country.