The primary purpose of a public sector organisation is to:
The correct answer is to provide services. However, some other secondary factors may come into play. For example, some public sector organisations may be encouraged to boost national prestige eg airports, airlines; or they may be used as job creation schemes.
Which of the following are examples of non-renewable resources?
Coal and oil are the correct answers. These are finite resources and will run out some day.
The others shown are renewables.
The letters 'MNC' stand for:
'Multi-national corporation' is the correct answer. Very large international organisations, with very large turnover, purchasing power and influence. Examples would include: Alphabet, Amazon, Ap-ple, Dell, Ford, Shell, Toyota, etc
Which of the following might be objectives of private sector organisations? Select all that apply.
To gain market share and to create shareholder value (increase the value of shares) are common aims of private sector organisations.
The other two answers are the antithesis of what firms usually want.
Sources of finance for a private sector entity primarily include (select all that apply):
Sources of funds for private sector commonly include revenues from sales, shareholders and long-term loans. Taxpayers would not normally be thought of as a source of funds for private sector, alt-hough in recent Coronavirus times, in some countries, such as the UK, businesses have received considerable support. But that is abnormal.
Short-term sources such as overdrafts are not to be relied upon on a regular or long-term basis.
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