#1
Which of the following is a characteristic of the private sector?
Ownership and control by the government
Profit maximization as the primary goal
Focus on social welfare
Decision-making by elected officials
#2
What is a primary difference between public and private sectors in terms of ownership?
Public sector is owned by individuals or groups of individuals.
Private sector is owned by the government.
Public sector is owned by the government or its agencies.
Private sector is owned by shareholders.
#3
Which sector typically operates with a greater degree of autonomy from government intervention?
Public sector
Private sector
Non-profit sector
Informal sector
#4
Which sector is typically driven by the motive of profit maximization?
Public sector
Private sector
Non-profit sector
Informal sector
#5
Which sector typically has a higher level of government regulations and oversight?
Public sector
Private sector
Non-profit sector
Informal sector
#6
In the context of business, which sector is typically associated with higher efficiency?
Public sector
Private sector
Non-profit sector
Informal sector
#7
Which statement best describes the source of funding for public sector organizations?
Private investments and shareholder contributions
Tax revenue and government appropriations
Venture capital and bank loans
Crowdfunding and donations
#8
Which factor is often cited as a disadvantage of the public sector in terms of business operations?
Lack of accountability
Focus solely on profit
Flexibility in decision-making
Access to government resources
#9
Which of the following best describes the primary goal of public sector organizations?
Maximizing profits for shareholders
Providing essential services to the public
Expanding market share
Minimizing costs and expenses
#10
Which sector is known for its higher level of bureaucracy and red tape?
Public sector
Private sector
Informal sector
Non-profit sector
#11
Which of the following is a common objective of public sector organizations?
Maximizing shareholder wealth
Providing essential services to citizens
Generating profits for investors
Achieving market dominance
#12
Which sector is generally more responsive to changes in market demand and consumer preferences?
Public sector
Private sector
Non-profit sector
Informal sector
#13
Which sector is generally more inclined to take risks and innovate?
Public sector
Private sector
Non-profit sector
Informal sector
#14
Which sector is more likely to engage in corporate social responsibility initiatives?
Public sector
Private sector
Non-profit sector
Informal sector
#15
Which sector is more likely to experience government budget constraints affecting its operations?
Public sector
Private sector
Non-profit sector
Informal sector