The category of Private, Public, and Global Enterprises encompasses a diverse range of organizations that operate across various sectors of the economy. Private enterprises are typically owned by individuals or groups, focusing on profit generation. Public enterprises, often government-owned, aim to provide services or goods while serving the public interest. Global enterprises, on the other hand, operate on an international scale, engaging in cross-border trade and investment. This category explores the characteristics, functions, and impacts of these different types of enterprises, highlighting their roles in shaping economies and influencing global markets.
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[q] What is a private enterprise?
A) An organization owned by the government
B) An organization owned by individuals or companies
C) An organization operating globally
D) An organization that focuses solely on charity
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[a] An organization owned by individuals or companies [q] Which of the following is the primary goal of a public enterprise?
A) Maximizing profit for shareholders
B) Providing public services
C) Promoting private competition
D) Improving employee welfare [a] Providing public services [q] What distinguishes a global enterprise from a national enterprise?
A) Global enterprises operate in one country only
B) Global enterprises do not focus on profits
C) Global enterprises operate in multiple countries
D) National enterprises have a larger workforce [a] Global enterprises operate in multiple countries [q] Which of the following is NOT a characteristic of a private enterprise?
A) Profit motive
B) Risk bearing
C) Government ownership
D) Limited liability [a] Government ownership [q] What is the primary characteristic of a public enterprise?
A) It operates for profit
B) It is owned by private individuals
C) It serves a public interest
D) It competes solely in the private sector [a] {answer_51]} [q] In which sector do global enterprises primarily operate?
A) Primary sector
B) Tertiary sector
C) Quaternary sector
D) All of the above [a] All of the above [q] What is one advantage of private enterprises?
A) Access to government funding
B) Flexibility in decision-making
C) No competition
D) Guaranteed profits [a] Flexibility in decision-making [q] Typically, which sector is associated with public enterprises?
A) Agriculture and mining
B) Healthcare and education
C) Technology and innovation
D) Retail and e-commerce [a] Healthcare and education [q] Which of the following is a feature of global enterprises?
A) Limited market presence
B) Diverse product offerings
C) Strict local regulations only
D) Focus on local community needs [a] Diverse product offerings [q] A significant disadvantage of public enterprises can be:
A) Higher profit margins
B) Bureaucratic inefficiencies
C) Greater flexibility in operations
D) More competitive pricing [a] Bureaucratic inefficiencies [x]Click here to explore more flashcards: Business Studies Flashcards [restart] [/qdeck]
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