GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizations that perform public functions but are organized-and operate-like private companies, with a profit-loss bottom line
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The principle that administrators perform their functions at the highest level without political favoritism
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A theory that suggests agency managers work to shape public policy
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Those activities that contribute directly to the mission of an organization
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Detailed explanation-1: -Government companies are of two types: (i) Wholly owned government companies where entire capital is held by the government. (ii) Partly owned government companies where government and public are joint owners but major part of the capital is provided by the government. (v) State Trading Corporation (STC) etc.
Detailed explanation-2: -Government corporations are similar to private corporations in that they have the same independence as private businesses since no agency is tasked with overseeing, directly managing, or supervising them. However, they differ from private businesses in that they are not privately owned but are owned by the government.
Detailed explanation-3: -Probably the best-known government corporations are the United States Postal Service and Amtrak. They are different from other agencies in that they are businesses created by Congress, and they charge fees for their services.